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Leases (Tables)
3 Months Ended
Mar. 31, 2023
Leases  
Schedule of lease cost

For the Three Months Ended March 31, 2023

For the Three Months Ended March 31, 2022

Operating lease cost

$

334,541

$

125,503

Finance lease cost

Amortization of lease assets

350,071

62,861

Interest on lease liabilities

134,443

6,317

Total finance lease cost

$

484,514

$

69,178

Schedule of weighted average remaining lease term and incremental borrowing rate

For the Three Months Ended March 31, 2023

For the Three Months Ended March 31, 2022

Weighted average remaining lease term

Operating leases

7.1

years

4.6

years

Finance leases

13.3

years

1.9

years

Weighted average incremental borrowing rate

Operating leases

9.38

%

5.62

%

Finance leases

9.65

%

5.47

%

Schedule of maturities of operating and finance lease liabilities

Operating Leases

    

Finance Leases

    

Total

2023 (excluding the three months ended March 31, 2023)

546,658

509,322

1,055,980

2024

618,918

812,383

1,431,301

2025

635,180

715,782

1,350,962

2026

575,349

595,309

1,170,658

2027

592,572

615,269

1,207,841

2028

610,407

635,827

1,246,234

2029

628,723

657,002

1,285,725

Thereafter

536,932

6,423,306

6,960,238

Total minimum lease payments

4,744,739

10,964,200

15,708,939

Less: imputed interest

(1,341,237)

(5,268,975)

(6,610,212)

Present value of lease liabilities

$

3,403,502

$

5,695,225

$

9,098,727