XML 51 R36.htm IDEA: XBRL DOCUMENT
v3.23.4

Leases (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2023 | Dec. 31, 2022
Leases [Abstract] |  |
Schedule of Balance Sheet Information | Supplemental balance sheet information related to leases is as follows:
Balance Sheet Location |  | September 30, 2023 |
Operating Leases |  |  |  |  |
Right-of-use assets, net |  |  |  | $ | 628,181 |
Current liabilities |  | Lease liability, current maturities |  |  | 227,753 |
Non-current liabilities |  | Lease liability, net of current maturities |  |  | 397,067 |
Total operating lease liabilities |  |  |  | $ | 624,820 |
Finance Leases |  |  |  |  |  |
Right-of-use assets |  |  |  | $ | 1,575,478 |
Current liabilities |  | Lease liability, current maturities |  |  | 773,385 |
Non-current liabilities |  | Lease liability, net of current maturities |  |  | 336,960 |
Total finance lease liabilities |  |  |  | $ | 1,110,345 |
Weighted Average Remaining Lease Term |  |  |  |  |  |
Operating leases |  |  |  |  | 2.00 years |
Finance leases |  |  |  |  | 1.26 years |
Weighted Average Discount Rate |  |  |  |  |  |
Operating leases |  |  |  |  | 3 | %
Finance leases |  |  |  |  | 3 | %
| Supplemental balance sheet information related to leases is as follows:
Balance Sheet Location |  | December 31, 2022 |
Operating Leases |  |  |  |  |
Right-of-use assets, net |  |  |  | $ | 2,517,559 |
Current liabilities |  | Lease liability, current maturities |  |  | (418,619 | )
Non-current liabilities |  | Lease liability, net of current maturities |  |  | (2,118,958 | )
Total operating lease liabilities |  |  |  | $ | (2,537,577 | )
Finance Leases |  |  |  |  |  |
Right-of-use assets |  |  |  | $ | 1,903,443 |
Current liabilities |  | Lease liability, current maturities |  |  | (806,775 | )
Non-current liabilities |  | Lease liability, net of current maturities |  |  | (920,878 | )
Total finance lease liabilities |  |  |  | $ | (1,727,653 | )
Weighted Average Remaining Lease Term |  |  |  |  |  |
Operating leases |  |  |  |  | 6.93 years |
Finance leases |  |  |  |  | 2 years |
Weighted Average Discount Rate |  |  |  |  |  |
Operating leases |  |  |  |  | 3 | %
Finance leases |  |  |  |  | 3 | %
Schedule of Approximate Minimum Annual Rental Commitments Under Non-Cancellable Leases | Anticipated future lease costs, which are based in part on certain assumptions to approximate minimum annual rental commitments under non-cancellable leases, are as follows:
Year Ending December 31: |  | Operating |  |  | Financing |  |  | Total |
2023 (remaining) |  | $ | 81,000 |  |  | $ | 400,934 |  |  | $ | 481,934 |
2024 |  |  | 324,000 |  |  |  | 801,869 |  |  |  | 1,125,869 |
2025 |  |  | 243,000 |  |  |  | 133,645 |  |  |  | 376,645 |
Total lease payments |  |  | 648,000 |  |  |  | 1,336,448 |  |  |  | 1,984,448 |
Less: Imputed interest |  |  | 24,910 |  |  |  | 34,452 |  |  |  | 59,362 |
Present value of lease liabilities |  | $ | 623,090 |  |  | $ | 1,301,996 |  |  | $ | 1,925,086 |
| Anticipated future lease costs, which are based in part on certain assumptions to approximate minimum annual rental commitments under non-cancelable leases, are as follows:
Year Ending December 31, |  | Operating |  |  | Financing |  |  | Total |
2023 |  | $ | 525,718 |  |  | $ | 851,792 |  |  | $ | 1,377,510 |
2024 |  |  | 523,722 |  |  |  | 801,869 |  |  |  | 1,325,591 |
2025 |  |  | 446,349 |  |  |  | 131,544 |  |  |  | 577,893 |
2026 |  |  | 207,379 |  |  |  | — |  |  |  | 207,379 |
2027 |  |  | 211,526 |  |  |  | — |  |  |  | 211,526 |
Thereafter |  |  | 908,376 |  |  |  | — |  |  |  | 908,376 |
Total lease payments |  |  | 2,823,070 |  |  |  | 1,785,205 |  |  |  | 4,608,275 |
Less: Imputed interest |  |  | 285,493 |  |  |  | 57,552 |  |  |  | 343,045 |
Present value of lease liabilities |  | $ | 2,537,577 |  |  | $ | 1,727,653 |  |  | $ | 4,265,230 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 840 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481440/840-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 840 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Subparagraph (Note 3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481418/840-10-55-40 Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 840 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481501/840-20-50-1 Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482425/460-10-50-4 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 840 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481501/840-20-50-2 + Details
Name: | us-gaap_OperatingLeasesOfLesseeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration