Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases

Schedule of Lease Components

As of December 31, 2023, the Company’s lease components included in the consolidated balance sheet were as follows:

Lease component	Balance sheet classification	December 31, 2023
Assets
ROU assets - operating lease	Other assets	$	5,740,929
Total ROU assets		$	5,740,929
Liabilities
Current operating lease liability	Current liabilities	$	397,554
Long-term operating lease liability	Other liabilities		5,522,090
Total lease liabilities		$	5,919,644

Schedule of Future Minimum Lease Payments

Future minimum lease payments as of December 31, 2023 were as follows:

2024		616,158
2025		622,676
2026		638,469
2027		632,152
2028 and beyond		5,311,766
Total future minimum lease payments	$	7,821,221
Less: Interest		(1,901,577	)
Total operating lease liabilities	$	5,919,644