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Lease (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Lease    
Summary of Right-of-use Asset and Lease Information

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

The components of lease expense were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$21,498

 

 

$10,000

 

 

$64,494

 

 

$40,000

 

Short-term lease cost

 

 

27,603

 

 

 

1,829

 

 

 

47,644

 

 

 

5,297

 

Variable lease cost

 

 

3,996

 

 

 

10,432

 

 

 

15,278

 

 

 

18,232

 

Total lease cost

 

$53,097

 

 

$22,261

 

 

$127,416

 

 

$63,529

 

 

 

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  

 

 

December 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Operating lease right-of-use asset

 

$129,683

 

 

$39,367

 

Schedule of Supplemental cash flow information related to leases

 

 

 Nine Months Ended

 

 

 

 September30,

 

 

 

2024

 

 

2023

 

Cash paid for operating cash flows from operating leases

 

$71,954

 

 

$58,232

 

 

 

 

 

 

 

 

 

 

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

 

 

0.83

 

 

 

1.84

 

Weighted-average discount rate — operating leases

 

 

6.50%

 

 

6.50%
 
Summary of Future Minimum Lease Payments Under the Operating Lease Liability  

 

 

 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 supplemental balance sheet information related to leases

 

 

September 30,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Operating lease right-of-use asset

 

$69,923

 

 

$129,683

 

 

 

 

 

 

 

 

 

 

Operating lease liabilities:

 

 

 

 

 

 

 

 

Current portion

 

$70,923

 

 

$80,136

 

Non-current portion

 

 

-

 

 

 

50,047

 

 

 

$70,923

 

 

$130,183

 

 
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

 

Schedule of maturities of lease liabilities

Year ending December 31,

 

 

 

2024 (excluding the nine months ended September 30, 2024)

 

$21,798

 

2025

 

 

50,862

 

Thereafter

 

 

-

 

 

 

 

72,660

 

Less: Imputed interest

 

 

(1,737)

Operating lease liabilities

 

$70,923