XML 37 R26.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2024
Commitments and Contingencies [Abstract]  
Schedule of Supplemental Balance Sheet Supplemental balance sheet information related to leases was as follows:
   June 30,
2024
   December 31,
2023
 
Operating leases:        
Operating lease right-of-use assets  $78,924   $119,529 
           
Operating lease liability - current portion  $74,124   $83,512 
Operating lease liability - long-term portion   
-
    31,742 
Total operating lease liabilities  $74,124   $115,254 
Schedule of Supplemental Lease Expense Supplemental lease expense related to leases was as follows:
  

Statement of Operations

 

For The Three Months Ended

June 30,

  

For The Six Months Ended

June 30,

 
Lease  Classification  2024   2023   2024   2023 
Operating lease cost  Research and development  $22,275   $22,275   $44,550   $44,550 
Short-term lease cost  Research and development   8,106    
-
    16,437    
-
 
Short-term lease cost  General and administrative   12,600    21,570    24,900    43,340 
                        
Total lease expense     $42,981   $43,845   $85,887   $87,890 
Other information related to operating leases:
   June 30,
2024
   December 31,
2023
 
Weighted-average remaining lease term   0.9 years    1.4 years 
Weighted-average discount rate   8%   8%

 

Schedule of Supplemental Cash Flow Information Related to Operating Leases Supplemental cash flow information related to operating leases was as follows:
   For The Six Months Ended
June 30,
 
   2024   2023 
Cash paid for operating lease liabilities  $45,075   $43,500 
Schedule of Future Minimum Lease Payments Non-Cancellable Leases Approximate future minimum lease payments under non-cancellable leases are as follows:

Fiscal Year Ending December 31,

    
2024 (Remaining)  $38,000 
2025   38,000 
Total minimum lease payments   76,000 
Less: Imputed interest   (2,000)
Total  $74,000