Leases and Commitments (Tables)

6 Months Ended

Jun. 30, 2023

Leases and Commitments

Summary of Lease Term and Discount Rate

Lease term and discount rate	June 30, 2023
Weighted average remaining lease term	1.49 Years
Weighted average discount rate	5.0	%

Summary of Lease Termination

	June 30, 2023
Leases terminated	4
Lease termination fees	$	10,932
Right-of-use assets derecognized upon lease termination	$	82,095
Lease liabilities derecognized upon lease termination	$	77,648
Loss recognized upon lease termination	$	178

Summary of Balance Sheet Information Related to Leases

Balance sheet information related to leases as of June 30, 2023 and December 31, 2022 was as follows:

	June 30, 2023		December 31, 2022
Right-of-use assets
Operating lease right-of-use assets	$	205,976	$	315,765
Operating lease liabilities
Short-term operating lease liabilities	$	139,056	$	177,795
Long-term operating lease liabilities	41,978		102,407
Total operating lease liabilities	$	181,034	$	280,202

Summary of Future Maturities of ASC 842 Lease Liabilities

Future maturities of ASC 842 lease liabilities as of June 30, 2023 are as follows:

	Principal Payments		Imputed Interest Payments		Total Payments
2023	$	76,285	$	3,545	$	79,830
2024	81,243		2,418		83,661
2025	22,909		392		23,301
2026	598		—		598
Total future maturities	$	181,035	$	6,355	$	187,390

Summary of Total Lease Expense, Under ASC 842, was Included in Selling, General, and Administrative Expenses in Consolidated Statement of Operations

Total lease expense, under ASC 842, was included in selling, general, and administrative expenses in our consolidated statement of operations for the three and six months ended June 30, 2023 as follows:

	Three months ended June 30,				Six months ended June 30,
	2023		2022		2023		2022
Operating lease expense – fixed payments	$	46,402	$	—	$	129,436	$	—
Short term lease expense	15,620		—		37,552		—
Total lease expense	$	62,022	$	—	$	166,988	$	—

Summary of Supplemental Cash Flows Information Related to Leases

Supplemental cash flows information related to leases was as follow:

	Six Months Ended June 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(104,817)