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v3.23.2

Leases (Tables) | 6 Months Ended
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Jun. 30, 2023
Leases [Abstract] |
Schedule of lease costs | Supplemental unaudited condensed consolidated balance sheet information related to leases is as follows:
|  | Classification |  | June 30, 2023 |  | December 31, 2022
Operating lease assets |  | Right-of-use operating lease assets |  | $ | 5,076,837 |  |  | 5,305,881 |
Finance lease assets |  | Property, plant and equipment, net |  | 15,918 |  |  | 18,467 |
Total lease assets |  |  |  | $ | 5,092,755 |  |  | $ | 5,324,348 |
Operating lease liabilities - current |  | Operating lease liabilities - current |  | $ | 856,635 |  |  | 824,326 |
Operating lease liabilities - noncurrent |  | Operating lease liabilities - noncurrent |  | 4,867,157 |  |  | 5,090,170 |
Finance lease liabilities - current |  | Other liabilities |  | 7,318 |  |  | 7,184 |
Finance lease liabilities - noncurrent |  | Other long-term liabilities |  | 10,513 |  |  | 12,959 |
Total lease liabilities |  |  |  | $ | 5,741,623 |  |  | $ | 5,934,639 |
The components of lease expense are as follows:
|  |  |  | Three Months Ended June 30, |  | Three Months Ended June 30, |  | Six Months Ended June 30, |  | Six Months Ended June 30,
|  | Classification |  | 2023 |  | 2022 |  | 2023 |  | 2022
Operating lease expense |  | Selling, general and administrative |  | $ | 228,633 |  |  | $ | 164,076 |  |  | $ | 457,267 |  |  | $ | 340,597 |
Finance lease expense: |  |  |  |  |  |  |  |  |  |
Amortization of finance lease assets |  | Selling, general and administrative |  | 1,432 |  |  | 1,451 |  |  | 2,855 |  |  | 7,391 |
Interest on finance lease liabilities |  | Interest income, net |  | 464 |  |  | 599 |  |  | 957 |  |  | 1,238 |
Total lease expense |  |  |  | $ | 230,529 |  |  | $ | 166,126 |  |  | $ | 461,079 |  |  | $ | 349,226 |
Lease term and discount rate:
|  | June 30, 2023 |  | December 31, 2022
Weighted-average remaining lease terms (in years): |  |  |  |
Operating lease |  | 8.3 |  | 9.0
Finance lease |  | 2.8 |  | 3.3
Weighted-average discount rate: |  |  |  |
Operating lease |  | 7.8% |  | 7.8%
Finance lease |  | 7.8% |  | 7.8%
Other Information:
|  |  |  | Six Months Ended June 30, |  | Six Months Ended June 30,
|  |  |  | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows - operating leases |  |  |  | $ | 229,044 |  |  | $ | 80,869 |
Operating cash flows - finance leases |  |  |  | $ | 4,686 |  |  | $ | 1,238 |
Financing cash flows - finance leases |  |  |  | $ | 4,480 |  |  | $ | 4,425 |
Leased assets obtained in exchange for new finance lease liabilities |  |  |  | $ | 15,918 |  |  | $ | 20,827 |
Leased assets obtained in exchange for new operating lease liabilities |  |  |  | $ | — |  |  | $ | — |
Schedule of lessee, operating lease, liability, maturity |
|  | Operating Lease |  | Finance Lease
Maturities of lease liabilities are as follows: |  | June 30, 2023 |  | June 30, 2023
2023 |  | $ | 441,493 |  |  | $ | 3,659 |
2024 |  | 892,212 |  |  | 7,318 |
2025 |  | 893,046 |  |  | 7,318 |
2026 |  | 921,273 |  |  | 1,830 |
2027 |  | 946,683 |  |  | — |
Thereafter |  | 3,798,553 |  |  | — |
Total lease payments |  | 7,893,260 |  |  | 20,125 |
Less: interest |  | (2,169,468) |  |  | (2,295) |
Total lease obligations |  | $ | 5,723,792 |  |  | $ | 17,830 |
Schedule of finance lease, liability, maturity |
|  | Operating Lease |  | Finance Lease
Maturities of lease liabilities are as follows: |  | June 30, 2023 |  | June 30, 2023
2023 |  | $ | 441,493 |  |  | $ | 3,659 |
2024 |  | 892,212 |  |  | 7,318 |
2025 |  | 893,046 |  |  | 7,318 |
2026 |  | 921,273 |  |  | 1,830 |
2027 |  | 946,683 |  |  | — |
Thereafter |  | 3,798,553 |  |  | — |
Total lease payments |  | 7,893,260 |  |  | 20,125 |
Less: interest |  | (2,169,468) |  |  | (2,295) |
Total lease obligations |  | $ | 5,723,792 |  |  | $ | 17,830 |
Schedule of sublease income | Sublease income are as follows:
|  |  |  | Three Months Ended June 30, |  | Three Months Ended June 30, |  | Six Months Ended June 30, |  | Six Months Ended June 30,
|  | Classification |  | 2023 |  | 2022 |  | 2023 |  | 2022
Sublease lease income |  | Other, net |  | $ | 101,915 |  |  | $ | 20,125 |  |  | $ | 231,685 |  |  | $ | 20,125 |
Schedule of lease income | Lease income are as follows:
|  |  |  |  | Three Months Ended June 30, |  | Three Months Ended June 30, |  | Six Months Ended June 30, |  | Six Months Ended June 30,
|  | Classification |  |  | 2023 |  | 2022 |  | 2023 |  | 2022
Lease income |  | Products and services |  |  | $ | 24,027 |  |  | $ | — |  |  | $ | 24,027 |  |  | $ | — |
Interest income |  | Products and services |  |  | 3,835 |  |  |  |  | 6,430 |  |  | — |
Total lease income |  |  |  |  | $ | 27,862 |  |  | $ | — |  |  | $ | 30,457 |  |  | $ | — |

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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 + Details
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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 + Details
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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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