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Leases (Tables)
6 Months Ended
Jun. 30, 2023
Leases  
Schedule of lease-related assets and liabilities

The following table presents the lease-related assets and liabilities and their respective classification on the condensed consolidated balance sheets:

    

June 30, 

December 31, 

2023

2022

ASSETS

 

  

Current

 

  

  

Prepaid expenses and other current assets

$

273,357

$

35,624

Current assets of discontinued operations

3,231

7,979

Noncurrent

 

 

Operating lease right-of-use assets

 

1,785,865

 

2,058,384

Total lease right-of-use assets

$

2,062,453

$

2,101,987

LIABILITIES

    

  

 

  

Current

 

  

  

Current maturities of operating leases

$

547,297

$

546,851

Current liabilities of discontinued operations

3,039

7,361

Noncurrent

 

 

Noncurrent operating leases

1,552,708

1,590,542

Total lease liabilities

$

2,103,044

$

2,144,754

Weighted average remaining lease term:

 

  

 

  

Operating leases

 

6.2 years

 

6.6 years

Operating leases - discontinued operations

0.3 years

0.8 years

 

 

Weighted average discount rate:

 

 

Operating leases

 

5.42%

 

5.11%

Operating leases - discontinued operations

4.96%

4.96%

Schedule of Lease, Cost

The components of lease costs were as follows:

    

Three Months Ended June 30, 

    

Six Months Ended June 30, 

2023

2022

2023

2022

Operating lease costs

$

192,951

$

187,448

$

363,329

$

354,197

Short-term lease costs

 

25,457

25,186

 

50,803

50,284

Lease costs - discontinued operations

8,643

10,095

19,429

19,582

Total lease costs

$

227,051

$

222,729

$

433,561

$

424,063

Schedule of Cash Flow, Supplemental

Supplemental cash flow information related to leases is as follows:

    

Six Months Ended June 30, 

2023

2022

Cash paid for amounts included in measurement of liabilities:

 

  

Operating cash outflows for operating leases

$

398,017

$

402,233

Operating cash outflows for operating leases - discontinued operations

5,694

4,680

Schedule of future lease payments relating to the Company's operating lease liabilities

Future lease payments relating to the Company’s operating lease liabilities from continuing operations as of June 30, 2023 were as follows:

Years ending December 31, 

    

Total

2023

$

350,900

2024

 

482,694

2025

 

361,961

2026

 

274,959

2027

229,416

Thereafter

 

778,460

Total future lease payments

 

2,478,390

Less: imputed interest

 

(378,385)

Total lease obligations

 

2,100,005

Less: current obligations

 

(547,297)

Noncurrent lease obligations

$

1,552,708