Leases

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Leases

Note 9 – Leases

The following table presents the Company’s ROU assets and lease liabilities as of March 31, 2023 and December 31, 2022:

Lease Classification	March 31, 2023		December 31, 2022
ROU Assets:
Operating	$	2,139,974	$	1,459,413
Financing		2,671		3,500
Total ROU assets	$	2,142,645	$	1,462,913
Liabilities
Current:
Operating	$	500,994	$	377,626
Finance		2,803		3,364
Noncurrent:
Operating		3,121,433		2,566,138
Finance		—		280
Total lease liabilities	$	3,625,230	$	2,947,408

Maturities of lease liabilities as of March 31, 2023 by fiscal year are as follows:

Maturity of Lease Liabilities		Operating			Finance		Total
	2023 (April to December)	$	611,511		$	2,523	$	614,034
	2024		827,783			280		828,063
	2025		735,009			—		735,009
	2026		582,753			—		582,753
	2027		593,156			—		593,156
	Thereafter		1,737,689			—		1,737,689
	Total lease payments		5,087,901			2,803		5,090,704
	Less: Interest		(1,465,474	)		—		(1,465,474	)
	Present value of lease liabilities	$	3,622,427		$	2,803	$	3,625,230

Condensed consolidated statements of operations classification of lease costs as of the three months ended March 31, 2023 and 2022 are as follows:

		Three months ended March 31,
Lease Cost	Classification	2023		2022
Operating	Operating expenses	$	137,797	$	174,914
Finance:
Amortization	Operating expenses		829		39,711
Interest expense	Other expenses		—		905
Total lease costs		$	138,626	$	215,530

Other lease information as of March 31, 2023 is as follows:

Other Information	Total
Weighted average remaining lease term (in years)
Operating leases		6.7
Finance leases		0.8
Weighted average discount rate:
Operating leases		9.6	%
Finance leases		1.0	%

Supplemental cash flow information as of the three months ended March 31, 2023 and 2022 is as follows:

Supplemental Cash Flow Information	2023		2022
Cash paid for amounts included in the measurement of lease liabilities
Cash used in operating activities
Operating leases	$	137,797	$	174,914
Finance leases	$	—	$	905
Cash used in financing activities
Finance leases	$	841	$	17,529
ROU assets obtained in exchange for lease obligations:
Operating leases	$	801,321	$	—