Leases (Tables)
|
9 Months Ended |
12 Months Ended |
Sep. 30, 2022 |
Dec. 31, 2021 |
| Leases |
|
|
| Summary of Future Minimum Lease Payments Under Operating Leases |
Future
minimum lease payments under operating leases that have initial noncancelable lease terms in excess of one year at September 30, 2022
were as follows:
Summary of Future Minimum Lease Payments Under Operating Leases
| |
|
Total |
|
| Year Ended December 31, |
|
|
|
|
| 2022 |
|
$ |
70,367 |
|
| 2023 |
|
|
205,987 |
|
| 2024 |
|
|
63,835 |
|
| Thereafter |
|
|
- |
|
| Total undiscounted lease payments |
|
|
340,189 |
|
| Less: Imputed interest |
|
|
(10,795 |
) |
| Operating lease liabilities |
|
|
329,394 |
|
| |
|
|
|
|
| Operating lease liability - current |
|
|
229,652 |
|
| Operating lease liability - non-current |
|
$ |
99,742 |
|
|
Future
minimum lease payments under operating leases that have initial noncancelable lease terms in excess of one year at December 31, 2021
were as follows:
Summary of Future
Minimum Lease Payments Under Operating Leases
| |
|
Total |
|
| Year Ended December 31, |
|
|
|
|
| 2022 |
|
$ |
280,090 |
|
| 2023 |
|
|
205,987 |
|
| 2024 |
|
|
63,835 |
|
| Thereafter |
|
|
- |
|
| Total undiscounted lease payments |
|
|
549,912 |
|
| Less: Imputed interest |
|
|
(25,770 |
) |
| Operating lease liabilities |
|
|
524,142 |
|
| |
|
|
|
|
| Operating lease liability - current |
|
|
261,674 |
|
| Operating lease liability - non-current |
|
$ |
262,468 |
|
|
| Summary of Other Supplemental Information |
The
following summarizes other supplemental information about the Company’s operating lease as of September 30, 2022:
Summary of Other Supplemental Information
| Weighted average discount rate |
|
|
4.83 |
% |
| Weighted average remaining lease term (years) |
|
|
1.40 |
|
|
The
following summarizes other supplemental information about the Company’s operating lease as of December 31, 2021:
Summary of Other
Supplemental Information
| Weighted average discount rate |
|
|
4.64 |
% |
| Weighted average remaining lease term (years) |
|
|
2.06 |
|
|
| Summary of Future Minimum Lease Payments Under Finance Lease Obligations |
|
At
December 31, 2021, future minimum lease payments under the finance lease obligations, are as follows:
Summary
of Future Minimum Lease Payments Under Finance Lease Obligations
| |
|
Total |
|
| 2022 |
|
$ |
56,638 |
|
| 2023 |
|
|
50,682 |
|
| 2024 |
|
|
15,732 |
|
| 2025 |
|
|
15,732 |
|
| 2026 |
|
|
22,286 |
|
| Thereafter |
|
|
- |
|
| Total undiscounted lease payments |
|
|
161,070 |
|
| Less: Imputed interest |
|
|
(13,051 |
) |
| Finance lease liabilities |
|
|
148,019 |
|
| |
|
|
|
|
| Finance lease liability |
|
|
50,927 |
|
| Finance lease liability - non-current |
|
$ |
97,092 |
|
|
| Schedule of Finance Lease Assets in Property and Equipment |
|
As
of December 31, 2021 and 2020, finance lease assets are included in property and equipment as follows:
Schedule
of Finance Lease Assets in Property and Equipment
| |
|
December 31, |
|
|
December 31, |
|
| |
|
2021 |
|
|
2020 |
|
| Machinery |
|
$ |
585,563 |
|
|
$ |
888,783 |
|
| Accumulated depreciation |
|
|
(455,899 |
) |
|
|
(544,860 |
) |
| Finance lease assets, net of accumulated depreciation |
|
$ |
129,664 |
|
|
$ |
343,923 |
|
|