Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases

Schedule of balance sheet information

Balance Sheet Location		December 31, 2023
Operating Leases
Right-of-use assets, net		$	551,702
Current liabilities	Lease liability, current maturities		146,753
Non-current liabilities	Lease liability, net of current maturities		404,949
Total operating lease liabilities		$	551,702
Finance Leases
Right-of-use assets		$	1,435,435
Current liabilities	Lease liability, current maturities		709,335
Non-current liabilities	Lease liability, net of current maturities		144,342
Total finance lease liabilities		$	853,677
Weighted Average Remaining Lease Term
Operating leases			1.75 years
Finance leases			1 year
Weighted Average Discount Rate
Operating leases			3%
Finance leases			3%

Schedule of approximate minimum annual rental commitments under non-cancelable leases

Year Ending December 31,		Operating			Financing			Total
2024	$	324,000		$	801,869		$	1,125,869
2025		243,000			66,822			309,822
Total lease payments		567,000			868,691			1,435,691
Less: Imputed interest		(15,298	)		(15,014	)		(30,312	)
Present value of lease liabilities	$	551,702		$	853,677		$	1,405,379