Quarterly report pursuant to Section 13 or 15(d)

Operating Lease Assets (Tables)

v3.23.3
Operating Lease Assets (Tables)
 9 Months Ended
Sep. 30, 2023
Operating Lease Assets  
Schedule of Additional Details Related to Leases

The following are additional details related to leases recorded on our balance sheet as of September 30, 2023:

 

Leases   Classification   Balance at
September 30,
2023		  
Assets            
Current            
Operating lease assets   Operating lease assets   $ —  
Noncurrent            
Operating lease assets   Noncurrent operating lease assets   $ 825,041  
Total lease assets       $ 825,041  
             
Liabilities            
Current            
Operating lease liabilities   Operating lease liabilities   $ 269,815  
Noncurrent            
Operating lease liabilities   Noncurrent operating lease liabilities   $ 731,764  
Total lease liabilities       $ 1,001,579  
Schedule of Lessee, Operating Lease Liability

The maturity analysis below summarizes the remaining future undiscounted cash flows for our operating leases, a reconciliation to operating lease liabilities reported on the Condensed Consolidated Balance Sheet, our weighted-average remaining lease term, and weighted average discount rate: 

 

Year ending December 31,      
2023   $ 81,194  
2024     330,894  
2025     337,568  
2026     344,241  
2027     28,734  
Thereafter     —  
Total future lease payments     1,122,631  
Less: imputed interest     (121,052 )
Total   $ 1,001,579  
Schedule of Lease Cost

Weighted Average Remaining Lease Term (years)      
Operating leases     3.58  
         
Weighted Average Discount Rate        
Operating leases     6.75 %