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Leases (Tables) | 6 Months Ended
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Jun. 30, 2023
Leases [Abstract] |
Schedule of Balance Sheet Information Related to Leases | Supplemental balance sheet information related to leases is as follows:
|  | Balance Sheet Classification |  | June 30, 2023 |  |  | December 31, 2022 |
Assets |  |  |  |  |  |  |  |
Operating Lease Asset |  | Right of use asset, net |  | $ | 1,318,008 |  |  | $ | 1,395,741 |
Finance Lease Asset |  | Right of use asset, net |  |  | 6,944 |  |  |  | 10,529 |
Total Lease Assets |  |  |  | $ | 1,324,952 |  |  | $ | 1,406,270 |
Liabilities |  |  |  |  |  |  |  |  |  |
Operating Lease Liability – current portion |  | Current Lease Liabilities |  | $ | 219,438 |  |  | $ | 199,535 |
Finance Lease Liability – current portion |  | Current Lease Liabilities |  |  | 8,920 |  |  |  | 8,466 |
Operating Lease Liability – net of current portion |  | Long Term Lease Liabilities |  |  | 1,447,788 |  |  |  | 1,562,022 |
Finance Lease Liability – net of current portion |  | Long Term Lease Liabilities |  |  | - |  |  |  | 4,600 |
Total Lease Liabilities |  |  |  | $ | 1,676,146 |  |  | $ | 1,774,623 |
Schedule of Weighted-Average Discount Rate and Weighted-Average Remaining Lease Term | Below is a summary of the weighted-average discount rate and weighted-average remaining lease term for the Company’s leases:
|  | Weighted Average Discount Rate |  |  | Weighted Average Remaining Lease Term (in years) |
Operating Leases |  |  | 13.03 | % |  |  | 5 |
Finance Leases |  |  | 13.39 | % |  |  | 1 |
Schedule of Supplemental Cash Flow Information Related to Operating Leases | Below is a summary of the weighted-average discount rate and weighted-average remaining lease term for the Company’s leases
|  | Six Months ended |
|  | June 30, |
|  | 2023 |  |  | 2022 |
Cash payments for operating leases |  | $ | 206,736 |  |  | $ | 200,714 |
Cash payments for finance leases |  |  | 4,782 |  |  |  | 5,592 |
Schedule of Undiscounted Operating Lease Liabilities | Below is a summary of undiscounted operating lease liabilities as of June 30, 2023
|  | Operating Leases |
2023 |  | $ | 210,870 |
2024 |  |  | 430,134 |
2025 |  |  | 443,038 |
2026 |  |  | 456,330 |
2027 |  |  | 470,019 |
2028 and thereafter |  |  | 303,574 |
Total undiscounted cash flows |  |  | 2,313,965 |
Less: interest |  |  | (646,739 | )
Present value of lease liabilities |  | $ | 1,667,226 |
Schedule of Undiscounted Finance Lease Liabilities | Below is a summary of undiscounted finance lease liabilities as of June 30, 2023
|  | Finance Leases |
2023 |  | $ | 4,782 |
2024 |  |  | 4,782 |
Total undiscounted cash flows |  |  | 9,564 |
Less: interest |  |  | (644 | )
Present value of lease liabilities |  | $ | 8,920 |

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