Leases

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

LEASES

NOTE 8 – LEASES

The Company has separate operating leases, and related amendments thereto, for office space related to its NWC, NCFM, BTG and AEU practices, its corporate headquarters, and a copier lease that expire in July 2026, May 2025, March 2025, March 2026, November 2026, and January 2027, respectively. As of June 30, 2024, the Company’s weighted-average remaining lease term relating to its operating leases was 2.2 years, with a weighted-average discount rate of 22.79%.

The table below summarizes the Company’s lease-related assets and liabilities as of June 30, 2024 and December 31, 2023:

	June 30,		December 31,
	2024		2023
Lease assets	$	798,593	$	935,812
Lease liabilities
Lease liabilities (short term)	$	363,482	$	326,033
Lease liabilities (long term)		438,555		613,386
Total lease liabilities	$	802,037	$	939,419

Lease expense was $129,968 and $120,501, during the three months ended June 30, 2024 and 2023, respectively, and $259,399 and $227,297 during the six months ended June 30, 2024 and 2023, respectively.

Maturities of operating lease liabilities were as follows as of June 30, 2024:

2024 (July to December)	$	279,478
2025		477,584
2026		335,634
2027		990
Total lease payments		1,093,686
Less interest		(291,649	)
Present value of lease liabilities	$	802,037