Leases (Tables)
|
6 Months Ended |
12 Months Ended |
Jun. 30, 2023 |
Dec. 31, 2022 |
| Leases [Abstract] |
|
|
| Schedule of operating lease expense |
The following table presents the Company’s
lease costs which are included in general and administrative expenses in the unaudited condensed consolidated statements of operations:
| |
|
Three months ended |
|
|
Six months ended |
|
| |
|
June 30, |
|
|
June 30, |
|
| |
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
| Fixed lease expense |
|
$ |
104,528 |
|
|
$ |
139,315 |
|
|
$ |
207,497 |
|
|
$ |
69,191 |
|
| Variable lease expense |
|
|
96,335 |
|
|
|
89,016 |
|
|
|
105,270 |
|
|
|
44,508 |
|
| Total operating lease expense |
|
$ |
200,863 |
|
|
$ |
228,331 |
|
|
$ |
312,767 |
|
|
$ |
113,699 |
|
|
| |
|
Years ended
December 31, |
|
| |
|
2022 |
|
|
2021 |
|
| Fixed lease expense |
|
$ |
275,763 |
|
|
$ |
275,485 |
|
| Variable lease expense |
|
$ |
178,032 |
|
|
$ |
180,818 |
|
| Total operating lease expense |
|
$ |
453,795 |
|
|
$ |
456,303 |
|
|
| Schedule of future minimum lease payments |
|
| Years Ending December 31, |
|
Operating
Leases |
|
| 2023 |
|
$ |
409,347 |
|
| 2024 |
|
|
142,847 |
|
| 2025 |
|
|
4,865 |
|
| Total minimum payments |
|
$ |
557,059 |
|
|
| Schedule of Right-of-Use Assets and Lease Liabilities |
The following table presents the balance and
classifications of the Company’s right-of-use assets and lease liabilities included in the unaudited condensed balance sheets:
| |
|
Balance Sheet Location |
|
June 30,
2023 |
|
|
December 31,
2022 |
|
| Assets |
|
|
|
|
|
|
|
|
| Noncurrent |
|
|
|
|
|
|
|
|
| Operating lease assets |
|
Operating lease right-of-use asset |
|
$ |
1,384,779 |
|
|
$ |
317,208 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
| Current |
|
|
|
|
|
|
|
|
|
|
| Operating lease liabilities |
|
Operating lease liabilities - current |
|
|
524,279 |
|
|
|
410,158 |
|
| Noncurrent |
|
|
|
|
|
|
|
|
|
|
Operating
lease liabilities |
|
Operating lease liabilities - long-term |
|
|
992,660 |
|
|
|
87,214 |
|
| Total lease liabilities |
|
|
|
$ |
1,516,939 |
|
|
$ |
497,372 |
|
|
|
| Schedule of Maturities of Lease Liabilities |
The following table presents the Company’s maturities of
lease liabilities as of June 30, 2023:
| 2023 |
|
|
$ |
220,745 |
|
| 2024 |
|
|
|
66,374 |
|
| 2025 |
|
|
|
208,169 |
|
| 2026 |
|
|
|
268,483 |
|
| 2027 |
|
|
|
290,968 |
|
| 2028 onward |
|
|
|
2,476,008 |
|
| Total lease payments |
|
|
|
3,530,747 |
|
| Total present value discount |
|
|
|
(2,013,808 |
) |
| Operating lease liabilities |
|
|
$ |
1,516,939 |
|
|
|