Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.23.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2023
Leases  
Schedule of Other Information Related to Leases

  

    For the Six
Months Ended
June 30, 2023		     For the Twelve
Months Ended
December 31, 2022		  
Weighted Average Remaining Lease Term In Years                
Operating leases     1.21       1.72  
                 
Weighted Average Discount Rate                
Operating leases     5.77 %     5.78 %
Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities are as follows:

  

Year ended December 31:        
2023     109,690  
2024     156,605  
2025     -  
Total   $ 266,295  
Less: effect of discounting     (10,301 )
Present value of lease liabilities   $ 255,994  
Schedule of Cost Component of Operating Leases

The cost component of operating leases is as follows:

  

   

For the Six Months

Ended June 30, 2023

    

For the Six Months

Ended June 30, 2022

  
Operating lease cost   $ 116,098     $ 114,259  
Short-term lease cost     -       1,965  
Total lease cost   $ 116,098     $ 116,224  
Schedule of Supplemental Cash Flow Information Related to Operating Leases

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

  

   

For the Six Months

Ended June 30, 2023

    

For the Six Months

Ended June 30, 2022

  
Cash paid for amounts included in the measurement of lease liabilities:                
Operating cash flows from operating leases   $ 118,807     $ 117,350