XML 37 R30.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Leases (Tables)
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Summary of Net Lease Cost and Other Supplemental Lease Information

The following table presents net lease cost and other supplemental lease information:

 

For the three months ended March 31,

 

2024

 

2023

Lease cost:

 

 

 

Operating lease cost

$50,423

 

$50,423

Short-term lease cost

 

Net lease cost

$50,423

 

$52,446

Cash paid for operating lease liabilities

$34,839

 

$31,413

Schedule of Estimated Future Minimum Lease Payments, Excluding Non-Lease Components

The estimated future minimum lease payments, excluding non-lease components, for the remainder of 2024 and future years are as follows:

 

Operating

 

Fiscal Year

Leases

 

2024 (remainder)

$

153,698

 

2025

 

204,930

 

2026

 

204,930

 

2027

 

204,930

 

2028

 

204,930

 

Total future minimum annual lease payments

 

973,418

 

Less: Imputed interest

 

(160,416

)

Present value of lease liabilities

$

813,002