Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.24.3
Leases (Tables)
9 Months Ended
Sep. 30, 2024
Leases  
Schedule of Operating lease expense

The operating lease expense were as follows:

 

    2024     2023  
    Nine months ended
September 30,
 
    2024     2023  
Operating lease cost   $ 288,646     $ 264,192  
Summary of Supplemental Balance Sheet Information

Supplemental balance sheet information related to operating leases was as follows:

 

    September 30,     December 31,  
    2024     2023  
Operating lease right-of-use assets at inception   $ 284,861     $ 1,276,515  
Accumulated amortization     (92,363 )     (1,160,942 )
Total operating lease right-of-use assets   $ 192,498     $ 115,573  
                 
Right-of-use assets obtained in exchange for new operating lease liability   $ 284,861     $ -  
                 
Operating lease liabilities - current   $ 192,497     $ 119,272  
Operating lease liabilities - non-current     -       -  
Total operating lease liabilities   $ 192,497     $ 119,272  
                 
Weighted-average remaining lease term — operating leases (year)     0.67       0.42  
Weighted-average discount rate — operating leases     8.25 %     4.73 %
Schedule 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, 2024 were as follows:

 

    Total  
Year Ended December 31,        
2024 - Remaining 3 months   $ 73,930  
2025     123,216  
Thereafter     -  
Total Undiscounted lease payments     197,146  
Less: Imputed interest     (4,649 )
Operating lease liabilities     192,497  
         
Operating lease liability - current     192,497