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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases  
Schedule of lease cost

For the Year Ended December 31, 2022

For the Year Ended December 31, 2021

Operating lease cost

$

732,767

$

474,135

Finance lease cost

Amortization of lease assets

656,794

185,171

Interest on lease liabilities

181,667

21,970

Total finance lease cost

$

838,461

$

207,141

Schedule of weighted average remaining lease term and incremental borrowing rate

For the Year Ended December 31, 2022

For the Year Ended December 31, 2021

Weighted average remaining lease term

Operating leases

7.3

years

5.0

years

Finance leases

13.3

years

2.0

years

Weighted average incremental borrowing rate

Operating leases

9.37

%

6.32

%

Finance leases

9.60

%

5.30

%

Schedule of maturities of operating and finance lease liabilities

Maturities of operating and finance lease liabilities as of December 31, 2022 were as follows:

Operating Leases

    

Finance Leases

    

Total

2023

697,675

769,621

1,467,296

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

Thereafter

1,165,655

7,080,308

8,245,963

Total minimum lease payments

4,895,756

11,224,499

16,120,255

Less: imputed interest

(1,418,014)

(5,403,417)

(6,821,431)

Present value of lease liabilities

$

3,477,742

$

5,821,082

$

9,298,824