Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.24.2.u1
Leases (Tables)
 6 Months Ended
Jun. 30, 2024
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
June 30,		 Six months ended June 30,
2024 2023 2024 2023
Fixed lease expense $ 122,798  $ 104,528  $ 259,443  $ 207,497 
Variable lease expense 89,910  96,335  214,271  105,270 
Total operating lease expense 212,707  200,863  473,713  312,767 
Short-term lease expense 6,915  -  27,428  - 
Total lease expense $ 219,621  $ 200,863  $ 501,141  $ 312,767 
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:
June 30,
2024		 December 31,
2023
Operating lease right-of-use assets $ 1,380,434  $ 834,972 
Current portion of operating lease liabilities 420,910  244,774 
Long-term operating lease liabilities 1,035,713  574,260 
Total operating lease liabilities $ 1,456,623  $ 819,034 
Schedule of Lease Maturities
The following table presents the Company’s maturities of lease liabilities as of June 30, 2024:
2024 (excluding the six months ended June 30, 2024) $ 268,323 
2025 584,155 
2026 509,975 
2027 284,946 
2028 35,231 
2029 onward - 
Total lease payments 1,682,630 
Total present value discount (226,007)
Operating lease liabilities $ 1,456,623