Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Rental Payments

 

Year   Total  
2024   $ 64,393  
2025   $ 66,969  
2026   $ 51,778  
Total future undiscounted lease payments   $ 183,140  
Less: Imputed interest     (55,284 )
Present value of lease liabilities     127,856  
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, 2023     December 31, 2022  
Right of use asset   $ 142,815     $ 282,095  
Right of use lease liability, current   $ 66,895     $ 142,171  
Right of use lease liability, long term   $ 60,961     $ 139,924  
Total lease liability   $ 127,856     $ 282,095  
Schedule of Lease Cost for Operating Leases

The components of lease cost for operating leases for the years ended December 31, 2023 and 2022 are as follows:

 

    December 31, 2023     December 31, 2022  
Operating lease cost   $ 124,606     $ 151,239  
Short-term lease cost     91,800       91,800  
Total lease cost   $ 216,406     $ 243,039