Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.23.1
Leases (Tables)
3 Months Ended
Mar. 31, 2023
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 March 31, 2023 were as follows:

 

    Total  
Year Ended December 31,        
2023 - Remaining nine months   $ 134,708  
2024     63,835  
Thereafter     -  
Total undiscounted lease payments     198,543  
Less: Imputed interest     (4,713 )
Operating lease liabilities     193,830  
         
Operating lease liability - current     168,349  
Operating lease liability - non-current   $ 25,481  
Summary of Other Supplemental Information

The following summarizes other supplemental information about the Company’s operating lease as of March 31, 2023:

 

Weighted average discount rate     4.91 %
Weighted average remaining lease term (years)     1.05