v3.24.1
Commitments and contingencies (Tables)
 12 Months Ended
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Lease Payments

 

Future minimum lease payments as of December 31, 2023    
     
2024  $215,880.12 
2025  $218,431.80 

2026

  $197,584.66 

2027

  $

85,693.92

 

2028

  $36,148.80 
Thereafter   - 
Total minimum lease payments  $753,739.30 
Schedule of Operating Leases

Supplemental balance sheet information related to leases is as follows:

 

December 31, 2023

 

Operating Leases  Classification  December 31,
2023		 
Right-of-use assets  Operating right of use assets  $586,620 
Total     $586,620 
Current lease liabilities  Current operating lease liabilities  $121,519 
Non-current lease liabilities  Long-term operating lease liabilities  $494,215 
Total     $615,734 
 
Operating Leases  Classification  December 31,
2022		 
Right-of-use assets  Operating right of use assets  $408,616 
Total     $408,616 
Current lease liabilities  Current operating lease liabilities  $112,250 
Non-current lease liabilities  Long-term operating lease liabilities  $328,116 
Total     $440,366 
 
Summary of Operating Lease Liabilities

Lease term and discount rate were as follows:

 

   December 31,
2023		 
Weighted average remaining lease term (years)   42.50 
Weighted average discount rate   12%
Lease term and discount rate were as follows:

 

   December 31,
2022		 
Weighted average remaining lease term (years)   2.50 
Weighted average discount rate   12%
 
Summary of Lease Expenses

The following summarizes lease expenses for year ended December 31, 2023:

 

Finance lease expenses:

 

      
Depreciation/amortization expense  $134,428 
Interest on lease liabilities   67,184 
Finance lease expense  $201,612 
The following summarizes lease expenses for the year ended December 31, 2022:

 

Finance lease expenses:

 

      
Depreciation/amortization expense  $121,095 
Interest on lease liabilities   6,673 
Finance lease expense  $127,768 
 
Schedule of Cash Flow Information Related to Lease

Supplemental disclosures of cash flow information related to leases were as follows:

 

   December 31,
2023		 
Cash paid for operating lease liabilities  $137,064 
Operating right of use assets obtained in exchange for operating lease liabilities  $- 
Supplemental disclosures of cash flow information related to leases were as follows:

 

   December 31, 2022 
Cash paid for operating lease liabilities  $125,266 
Operating right of use assets obtained in exchange for operating lease liabilities  $- 
 
Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities were as follows as of December 31, 2023:

 

  

Operating

Leases

 
     
2024  $218,833 
2025  $224,230 
2026  $193,112 
2027  $88,179 
2028  $37,197 
Total  $761,551 
Less: Imputed interest  $(145,817)
Present value of lease liabilities  $615,734