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Operating Lease Right-of-Use Assets and Operating Lease Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2023
Operating Lease Right-of-Use Assets and Operating Lease Liabilities [Abstract] |
Schedule of Right-Of- Use Assets | Right-of- use assets are summarized below:
|  | December 31, 2023 |  |  | December 31, 2022 |
Office lease |  | $ | 198,898 |  |  | $ | 198,898 |
Less accumulated amortization |  |  | (124,921 | ) |  |  | (64,372 | )
Right-of-use asset, net |  | $ | 73,977 |  |  | $ | 134,526 |
Schedule of Operating Lease Liabilities | Operating Lease liabilities are summarized below:
|  | December 31, 2023 |  |  | December 31, 2022 |
Office lease |  | $ | 198,898 |  |  | $ | 198,898 |
Reduction of lease liability |  |  | (115,224 | ) |  |  | (47,885 | )
Total lease liability |  |  | 83,674 |  |  |  | 151,013 |
Less: current portion |  |  | 83,674 |  |  |  | 67,338 |
Long term portion of lease liability |  | $ | - |  |  | $ | 83,675 |
Schedule of Minimum Lease Payments | Minimum lease payments under the non-cancelable operating lease on December 31, 2023 are as follows:
For the year ended December 31: |  |  |
2024 |  | $ | 92,100 |
Total |  |  | 92,100 |
Less: present value discount |  |  | (8,426 | )
Total operating lease liability |  | $ | 83,674 |

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- Definition 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 + Details
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- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479773/842-30-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482964/270-10-50-6A + Details
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