Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

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Leases (Tables)
 3 Months Ended
Mar. 31, 2024
Leases  
Schedule of Operating lease expense

The operating lease expense were as follows:

 

    2024     2023  
    Three Months Ended March 31,  
    2024     2023  
Operating lease cost   $ 92,204     $ 86,387  
Summary of Other Supplemental Information

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

 

    March 31,     December 31,  
    2024     2023  
Operating lease right-of-use assets at inception   $ 1,276,515     $ 1,276,515  
Accumulated amortization     (1,230,004 )     (1,160,942 )
Total operating lease right-of-use assets   $ 46,511     $ 115,573  
                 
Operating lease liabilities - current   $ 47,990     $ 119,272  
Operating lease liabilities - non-current     -       -  
Total operating lease liabilities   $ 47,990     $ 119,272  
                 
Weighted-average remaining lease term — operating leases (year)     0.17       0.42  
Weighted-average discount rate — operating leases     4.73 %     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 March 31, 2024 were as follows:

 

Year Ending December 31,      
2024 - Remaining two months   $ 48,084  
Thereafter     -  
Total Undiscounted lease payments     48,084  
Less: Imputed interest     (94 )
Operating lease liabilities     47,990  
         
Operating lease liability - current     47,990  
Operating lease liability - non-current   $ -