XML 48 R29.htm IDEA: XBRL DOCUMENT v3.24.3
Lease (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Lease    
Summary of Right-of-use Asset and Lease Information

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

The components of lease expense were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$21,498

 

 

$15,000

 

 

$42,996

 

 

$30,000

 

Short-term lease cost

 

 

17,348

 

 

 

717

 

 

 

20,041

 

 

 

3,468

 

Variable lease cost

 

 

11,582

 

 

 

3,900

 

 

 

11,282

 

 

 

7,800

 

Total lease cost

 

$50,428

 

 

$19,617

 

 

$74,319

 

 

$41,268

 

Supplemental cash flow information related to leases was as follows:

 

 

 

 

 

 

 

 

 Six Months Ended

 

 

 

 June 30,

 

 

 

2024

 

 

2023

 

Cash paid for operating cash flows from operating leases

 

$54,278

 

 

$37,800

 

 

 

 

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases (year)

 

 

1.08

 

 

 

0.17

 

Weighted-average discount rate — operating leases

 

 

6.50%

 

 

5.50%

 

 

Years Ended

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

The components of lease expense were as follows:

 

 

 

 

 

 

Operating lease cost

 

$70,830

 

 

$40,000

 

 

 

 

 

 

 

 

 

 

Supplemental cash flow information related to leases was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for operating cash flows from operating leases

 

$79,528

 

 

$40,000

 

Right -of-use assets obtained upon acquisition

 

$161,665

 

 

$81,967

 

Summary of Supplemental Balance Sheet Information

 

 

June 30,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Operating lease right-of-use asset

 

$90,164

 

 

$129,683

 

 

 

 

 

 

 

 

 

 

Operating lease liabilities:

 

 

 

 

 

 

 

 

Current portion

 

$83,998

 

 

$80,136

 

Non-current portion

 

 

7,266

 

 

 

50,047

 

 

 

$91,264

 

 

$130,183

 

 

 

December 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Operating lease right-of-use asset

 

$129,683

 

 

$39,367

 

Summary of Future Minimum Lease Payments Under the Operating Lease Liability

Year ending December 31,

 

 

 

2024 (excluding the six months ended June 30, 2024)

 

$43,396

 

2025

 

 

50,862

 

Thereafter

 

 

-

 

 

 

 

94,258

 

Less: Imputed interest

 

 

(2,994)

Operating lease liabilities

 

$91,264

 

 

 

 December 31,

 

 

 December 31,

 

 

 

2023

 

 

2022

 

Operating lease liabilities:

 

 

 

 

 

 

Current portion

 

$80,136

 

 

$39,367

 

Non-current portion

 

 

50,047

 

 

 

-

 

 

 

$130,183

 

 

$39,367

 

 

 

 

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases (year)

 

 

1.58

 

 

 

0.67

 

Weighted-average discount rate — operating leases

 

 

6.5%

 

 

5.5%
Summary of Maturity of Lease Liabilitis  

2024

 

$85,792

 

2025

 

 

50,862

 

Thereafter

 

 

-

 

 

 

 

136,654

 

Less: Imputed interest

 

 

(6,471)

Operating lease liabilities

 

$130,183