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Leases (Tables)
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Schedule of Lease Costs Recognized In the Consolidated Condensed Statements of Operations The Company’s lease costs recognized in the Consolidated Condensed Statements of Operations consist of the following:
   For the three months ended
June 30,
   For the six months ended
June 30,
 
   2023   2022   2023   2022 
Operating lease charges (1)  $404,778   $434,977   $811,991   $802,112 
Finance lease charges:                    
Amortization of right-of-use assets  $8,143   $8,094   $16,287   $12,396 
Interest on lease obligations  $1,310   $2,468   $4,021   $3,946 
(1) Included in selling, general and administrative expenses.

 

Schedule of Lease Liabilities by Contractual Maturity The following is a schedule of the Company’s lease liabilities by contractual maturity as of June 30, 2023:
   Operating
leases
   Finance
leases
 
         
2023  $858,374   $19,088 
2024   1,548,388    38,176 
2025   592,926    38,176 
2026   434,033    15,016 
2027   70,191    
-
 
Total undiscounted lease obligations   3,503,912    110,456 
Less imputed interest   (375,676)   (11,597 
Total present value of lease liabilities   3,128,236    98,859 
Less current portion of lease liabilities   1,649,529    31,859 
Non-current lease liabilities  $1,478,707   $67,000 
   Operating
leases
   Finance
leases
 
         
Operating cash out flows from leases  $728,837   $19,088 
Weighted-average remaining lease term (years)   2.33    2.89 
Weighted-average discount rate (%)   8.9%   7.5%