Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.23.1
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Rental Payments Required Under Operating Leases

Following is a schedule by years of future minimum rental payments required under operating leases with initial or remaining non-cancelable lease terms for greater than one year as of December 31, 2022:

 

         
2023   $ 149,300  
2024     64,393  
2025     66,969  
2026     51,778  
2027     -  
Thereafter     -  
Total future undiscounted lease payments   $ 332,440  

Less imputed interest

    

(50,345

 )
Present value of lease liabilities   $

282,095

  
Schedule Of Right Of Use Asset And The Corresponding Lease Liability

Below is a table for the right of use asset and the corresponding lease liability in the consolidated balance sheets:

Operating Leases   December 31, 2022     December 31, 2021  
Right of use asset   $ 282,095     $ 395,565  
Right of use lease liability, current   $ 142,171     $ 132,996  
Right of use lease liability, long term   $ 139,924     $ 262,569  
Total lease liability   $ 282,095     $ 395,565  
Schedule of Lease Cost for Operating Leases

The components of lease cost for operating leases for the years ended December 31, 2022 and 2021 are as follows:

 

    December 31, 2022     December 31, 2021  
Operating lease cost   $ 151,239     $ 87,383  
Short-term lease cost     91,800       91,800  
Total lease cost   $ 243,039     $ 179,183