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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Summary of Maturity of Operating Lease Liabilities The amount and the maturity of the Company’s operating lease liabilities as of June 30, 2024, are as follows:

 

 

 

 

 

 

 

 

 

June 30, 2024

 

2024

 

 

 

 

 

 

 

 

289,220

 

2025

 

 

 

 

 

 

 

 

102,841

 

2026

 

 

 

 

 

 

 

 

 

2027

 

 

 

 

 

 

 

 

 

Thereafter

 

 

 

 

 

 

 

 

 

Total future minimum lease payments

 

 

 

 

 

 

 

 

392,061

 

Less imputed interest

 

 

 

 

 

 

 

 

28,123

 

Total operating lease liabilities

 

 

 

 

 

 

 

$

363,938

 

Included in the condensed consolidated balance sheet:

 

 

 

 

 

 

 

 

 

Current operating lease liabilities

 

 

 

 

 

 

 

$

316,600

 

Non-current operating lease liabilities

 

 

 

 

 

 

 

 

47,338

 

Total operating lease liabilities

 

 

 

 

 

 

 

$

363,938

 

Summary of Operating Lease Cost

For the three and six months ended June 30, 2024 and 2023, the total lease cost is comprised of the following amounts:

 

 

 

For the Three Months
Ended June 30,

 

 

For the Six Months
Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Operating lease expense

 

 

87,835

 

 

 

125,650

 

 

 

175,671

 

 

 

251,299

 

Short-term lease expense

 

 

1,608

 

 

 

 

 

 

3,268

 

 

 

 

Total lease expense

 

$

89,443

 

 

$

125,650

 

 

$

178,939

 

 

$

251,299

 

Summary of Additional Information Related to Operating Leases

The following summarizes additional information related to operating leases:

 

 

 

 

 

 

 

June 30, 2024

 

 

December 31, 2023

 

Weighted-average remaining lease term (in years)

 

 

 

 

 

 

0.79

 

 

 

1.20

 

Weighted-average discount rate

 

 

 

 

 

 

23.3

%

 

 

23.3

%

Schedule Of Changes In The Companys Supplier Finance Obligations Changes in the Company's supplier finance obligations were as follows:

 

 

 

 

 

 

For the Six Months Ended June 30,

 

2024

 

 

2023

 

Balance January 1

 

$

142,217

 

 

$

56,603

 

Increase

 

 

 

 

 

128,692

 

Expensed

 

 

(80,109

)

 

 

(132,988

)

Balance March 31,

 

$

62,108

 

 

$

52,307

 

Increase

 

 

349,909

 

 

 

375,824

 

Expensed

 

 

(78,593

)

 

 

(155,076

)

Balance June 30,

 

$

333,424

 

 

$

273,055