Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.23.3
Leases (Tables)
9 Months Ended
Sep. 30, 2023
Leases  
Schedule of Other Information Related to Leases

 

    September 30, 2023     December 31, 2022  
Weighted Average Remaining Lease Term In Years                
Operating leases     0.42       1.72  
                 
Weighted Average Discount Rate                
Operating leases     6.24 %     5.78 %
Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities are as follows:

 

Year ended December 31:      
2023     14,831  
2024     9,887  
Total   $ 24,718  
Less: effect of discounting     (381 )
Present value of lease liabilities   $ 24,337  
Schedule of Cost Component of Operating Leases

The cost component of operating leases is as follows:

 

   

For the Nine Months Ended
September 30, 2023

   

For the Nine Months Ended
September 30, 2022

 
Operating lease cost   $ 174,442     $ 114,259  
Short-term lease cost     -       1,965  
Total lease cost   $ 174,442     $ 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 Nine Months

Ended
September 30, 2023

   

For the Nine Months

Ended
September 30, 2022

 
Cash paid for amounts included in the measurement of lease liabilities:                
Operating cash flows from operating leases   $ 178,339     $ 117,350