Leases (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2024

Dec. 31, 2023

Leases

Schedule of Information on Leases

The following represents information on leases as of and for the years ended December 31:

	2023			2022
Finance lease cost (including amortization of right-of use assets of $23,349 and $23,349 and interest on lease liabilities of $7,083 and $12,843 in 2023 and 2022, respectively)	$	30,432		$	36,192
Operating lease expense		208,856			101,399
Total lease cost	$	239,288		$	137,591
Other information
Weighted average remaining lease term (years) – finance		0.64			1.71
Weighted average remaining lease term (years) – operating		3.32			1.30
Weighted average discount rate - finance leases		11.90	%		11.90	%
Weighted average discount rate - operating leases		6.67	%		6.67	%

Schedule of Annual Undiscounted Cash Flows of The Lease Liabilities

The following is a maturity analysis of the annual undiscounted cash flows of the lease liabilities as of March 31, 2024 (in thousands):

	Operating Leases			Finance Leases
Nine months ending December 31, 2024	$	180		$	24
Year ending December 31, 2025		217			1
Year ending December 31, 2026		159			-
Year ending December 31, 2027		117			-
Thereafter		10			-
Total undiscounted lease payments		683			25
Less: imputed interest		(63	)		(1	)
Total lease obligations		620			24
Less: current portion		(207	)		(24	)
Long-term lease obligations	$	413		$	-

The following is a maturity analysis of the annual undiscounted cash flows of the lease liabilities as of December 31, 2023:

	Operating Leases			Finance Leases
Year ending December 31, 2024	$	258,395		$	38,055
Year ending December 31, 2025		212,512			629
Year ending December 31, 2026		158,282			-
Year ending December 31, 2027		116,592			-
Thereafter		9,716			-
Total undiscounted lease payments		755,497			38,684
Less: imputed interest		(81,335	)		(1,716	)
Total lease obligations		674,162			36,968
Less: current portion		(213,526	)		(36,344	)
Long-term lease obligations	$	460,636		$	624