XML 35 R26.htm IDEA: XBRL DOCUMENT v3.23.3
Leases (Tables)
 9 Months Ended
Sep. 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  September 30,
2023		   December 31,
2022		 
Assets           
Operating Lease Asset  Right of use asset, net  $1,276,709   $1,395,741 
Finance Lease Asset  Right of use asset, net   5,209    10,529 
Total Lease Assets     $1,281,918   $1,406,270 
              
Liabilities             
Operating Lease Liability – current portion  Current Lease Liabilities  $229,824   $199,535 
Finance Lease Liability – current portion  Current Lease Liabilities   6,804    8,466 
Operating Lease Liability – net of current portion  Long Term Lease Liabilities   1,386,769    1,562,022 
Finance Lease Liability – net of current portion  Long Term Lease Liabilities   -    4,600 
Total Lease Liabilities     $1,623,397   $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 Supplemental cash flow information related to operating leases is as follows:
   Nine Months ended 
   September 30, 
   2023   2022 
Cash payments for operating leases  $311,137   $302,075 
Cash payments for finance leases   7,308    8,388 

 
Schedule of Undiscounted Operating Lease Liabilities Below is a summary of undiscounted operating lease liabilities as of September 30, 2023. The table also includes a reconciliation of the future undiscounted cash flows to the present value of the operating lease liabilities included in the consolidated balance sheet.
   Operating
Leases		 
2023  $106,469 
2024   430,134 
2025   443,038 
2026   456,330 
2027   470,019 
2028 and thereafter   303,573 
Total undiscounted cash flows   2,209,563 
Less: interest   (592,970)
Present value of lease liabilities  $1,616,593 
Schedule of Undiscounted Finance Lease Liabilities Below is a summary of undiscounted finance lease liabilities as of September 30, 2023. The table also includes a reconciliation of the future undiscounted cash flows to the present value of the finance lease liabilities included in the consolidated balance sheet.
   Finance
Leases		 
2023  $2,391 
2024   4,782 
Total undiscounted cash flows   7,173 
Less: interest   (369)
Present value of lease liabilities  $6,804