Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2024

Commitments and Contingencies

Summary of operating lease assets and liabilities

	September 30, 2024			December 31, 2023
Assets
Operating lease - right-of-use asset - non-current	$	280,720		$	168,339
Liabilities
Operating lease liability	$	309,642		$	183,353
Weighted-average remaining lease term (years)		3.34			1.58
Weighted-average discount rate		8.00	%		8.00	%
The components of lease expense were as follows:

	September 30, 2024		June 30, 2023
Operating lease costs
Amortization of right-of-use operating lease asset	$	63,162	$	42,108
Lease liability expense in connection with obligation repayment		20,368	$	14,833
Total operating lease costs	$	83,530	$	56,941
Supplemental cash flow information related to operating leases was as follows:
Operating cash outflows from operating lease (obligation payment)	$	73,391	$	47,896
Right-of-use asset obtained in exchange for new operating lease liability	$	-	$	421,080

Summary of future minimum lease payments of lease

2024 (3 Months)	$	24,543
2025		103,661
2026		107,020
2027		110,228
2028		9,208
Total undiscounted cash flows		354,660
Less: amount representing interest		(45,018	)
Present value of operating lease liability		309,642
Less: current portion of operating lease liability		77,178
Long-term operating lease liability	$	232,464