XML 42 R31.htm IDEA: XBRL DOCUMENT v3.23.1
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Summary of Supplemental Balance Sheet Information Related to Operating Leases

The following table presents supplemental balance sheet information related to operating leases as of December 31, 2022 and 2021:

 

 

Balance Sheet Line Item

December 31, 2022

 

December 31, 2021

 

Assets

 

 

 

 

 

 

ROU assets

 

Right of use asset, net

$

265,658

 

$

59,969

 

Total lease assets

 

 

$

265,658

 

$

59,969

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

Current lease liabilities

 

Lease liability

$

90,823

 

$

68,002

 

Long-term lease liabilities

 

Lease liability

 

179,397

 

 

-

 

Total lease liabilities

 

 

$

270,220

 

$

68,002

 

 

 

 

 

 

 

 

Weighted-average remaining lease term (in years)

 

 

 

2.7

 

 

0.6

 

Weighted-average discount rate

 

 

 

7.50

%

 

6.55

%

 

Summary of Supplemental Cash Flow Information and Non-cash Activity Related to Operating Leases

The following table presents supplemental cash flow information and non-cash activity related to operating leases for the years ended December 31, 2022 and 2021:

 

 

 

For the Years Ended December 31,

 

 

 

 

2022

 

2021

 

Operating cash flow information

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

$

(98,569

)

$

(103,646

)

Non-cashflow information

 

 

 

 

 

 

ROU assets and operating lease obligation recognized

 

 

$

300,787

 

$

-

 

Schedule of Future Minimum Lease Payment Due

The following table presents maturities of operating lease liabilities on an undiscounted basis as of December 31, 2022:

 

 

 

Operating Leases

 

2023

 

 

 

108,039

 

2024

 

 

 

113,794

 

2025

 

 

 

77,733

 

(less: imputed interest)

 

 

 

(29,346

)

 

 

 

$

270,220