For the year
ended
December 31,
2023

For the year
ended
December 31,
2022

Lease cost

Finance lease cost:

Depreciation

$

-

$

47,818

Interest on lease liabilities

-

1,435

Operating lease cost

252,345

349,031

Short-term lease cost

65,221

85,598

Variable lease cost

-

Sublease income

-

Total lease cost

$

317,566

$

483,882

Other information

Cash paid for amounts included in the measurement of lease liabilities

Operating cash flows from operating leases

$

389,365

$

369,505

Financing cash flows from finance leases

-

49,358

Right-of-use assets obtained in exchange for new operating lease liabilities

338,525

549,596

Weighted-average remaining lease term – finance leases

-

Weighted-average remaining lease term – operating leases

1.9 years

1.1 years

Weighted-average discount rate – finance leases

-

%

2.5

%

Weighted-average discount rate – operating leases

8.0

%

8.0

%