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Leases (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:

		Balance Sheet Classification		June 30, 2024				December 31, 2023
Assets
Operating Lease Asset		Right of use asset, net		$	1,142,104			$	1,233,538
Finance Lease Asset		Right of use asset, net			-				3,472
Total Lease Assets				$	1,142,104			$	1,237,010
Liabilities
Operating Lease Liability – current portion		Current Lease Liabilities		$	263,104			$	240,444
Finance Lease Liability – current portion		Current Lease Liabilities			7				4,608
Operating Lease Liability – net of current portion		Long Term Lease Liabilities			1,184,683				1,321,578
Total Lease Liabilities				$	1,447,794			$	1,566,630

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	%			4
Finance Leases			13.39	%			-

Schedule of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases is as follows:

		Six Months ended
		June 30,
		2024				2023
Cash payments for operating leases		$	212,938			$	206,736
Cash payments for finance leases			4,782				4,782

Schedule of Undiscounted Operating Lease Liabilities

Below is a summary of undiscounted operating lease liabilities as of June 30, 2024. The table also includes a reconciliation of the future undiscounted cash flows to the present value of the operating lease liabilities included in the condensed consolidated balance sheet.

		Operating Leases
2024			217,197
2025			443,038
2026			456,330
2027			470,019
2028 and thereafter			303,574
Total undiscounted cash flows			1,890,158
Less: interest			(442,371	)
Present value of lease liabilities		$	1,447,787

Schedule of Undiscounted Finance Lease Liabilities

Below is a summary of undiscounted finance lease liabilities as of June 30, 2024. The table also includes a reconciliation of the future undiscounted cash flows to the present value of the finance lease liabilities included in the condensed consolidated balance sheet.

		Finance Leases
2024			7
Total undiscounted cash flows			7
Less: interest			-
Present value of lease liabilities		$	7

X

- Definition

Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 04
-Paragraph a
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

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- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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