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Leases (Tables)
3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Summary of Components of Lease Cost

The components of lease cost for operating leases consisted of the following as of the dates indicated:

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Operating leases

 

 

 

 

 

 

Operating lease cost

 

$

128,645

 

 

$

119,458

 

Variable lease cost

 

 

32,459

 

 

 

27,526

 

Total rent expense

 

$

161,104

 

 

$

146,984

 

Summary of Other Information Related to Operating Leases

The table below summarizes other information related to the Company’s operating leases:

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Cash paid for amounts included in measurement of operating lease liabilities

 

$

130,375

 

 

$

117,952

 

Weighted-average remaining lease term – operating leases

 

 

1.8

 

 

 

2.8

 

Weighted-average discount rate – operating leases

 

 

5.8

%

 

 

5.8

%

Summary of Remaining Maturities of Operating Leases

Remaining maturities of the Company’s operating leases, included in operating lease liabilities – current and operating lease liabilities - non-current, net of discount, in the condensed consolidated balance sheets as of March 31, 2023 are as follows:

2023

 

 

 

$

391,093

 

2024

 

 

 

 

521,379

 

2025

 

 

 

 

43,444

 

Total

 

 

 

 

955,916

 

Less present value discount

 

 

 

 

(50,712

)

Total operating lease liabilities

 

 

 

 

905,204

 

Less operating lease liabilities - current

 

 

 

 

(481,967

)

Operating lease liabilities - non-current

 

 

 

$

423,237