Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.23.1
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Supplemental Balance Sheet Information Related to Leases

   

For the Twelve
Months Ended
December 31, 2022

   

For the Twelve
Months Ended
December 31, 2021

 
Weighted Average Remaining Lease Term In Years                
Operating leases     1.72       2.45  
                 
Weighted Average Discount Rate                
Operating leases     5.78 %     5.70 %
Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities are as follows:

 

Year ended December 31:        
2023     219,093  
2024     156,605  
2025     -  
Total   $ 375,698  
Less: Imputed interest     (18,812 )
Present value of lease liabilities   $ 356,886  
Schedule of Cost Component of Operating Leases

The cost component of operating leases is as follows:

 

   

For the Twelve
Months Ended
December 31, 2022

   

For the Twelve
Months Ended
December 31, 2021

 
Operating lease cost   $ 229,312     $ 228,231  
Short-term lease cost     -       1,036  
Total lease cost   $ 229,312     $ 229,267  
Schedule of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases is as follows:

 


   

For the Twelve
Months Ended
December 31, 2022

   

For the Twelve
Months Ended
December 31, 2021

 
Cash paid for amounts included in the measurement of lease liabilities:                
Operating cash flows from operating leases   $ (235,775 )   $ (227,753 )