Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.23.3
Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2023
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 in excess of one year as of September 30, 2023:

 

Year   Total  
October 1 – December 31, 2023   $ 15,887  
2024     64,393  
2025     66,969  
2026     51,778  
Total future undiscounted lease payments     199,027  
Less imputed interest     (61,481 )
Present value of lease liabilities   $ 137,546  
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   September 30, 2023     December 31, 2022  
Right of use asset   $ 159,424     $ 282,095  
Right of use liability, current   $ 66,259     $ 142,171  
Right of use liability, long term   $ 71,287     $ 139,924  
Total lease liability   $ 137,546     $ 282,095  
Schedule of Lease Cost for Operating Leases

The components of lease cost for operating leases for the nine months ended September 30, 2023 and 2022 are as follows:

 

    September 30, 2023     September 30, 2022  
Operating lease cost   $ 153,290     $ 152,193  
Short-term lease cost     110,205       123,514  
Total lease cost   $ 263,495     $ 275,707