Operating Lease Obligations (Tables)

9 Months Ended

Sep. 30, 2023

Operating Lease Obligations

Schedule Right-of-use Asset

The Company’s right-of-use asset and lease liability as of September 30, 2023, and December 31, 2022, are as follows:

	September 30, 2023		December 31, 2022
Right-of-use asset	$	968,009	$	1,238,055
Current lease liability	$	342,010	$	387,329
Long-term lease liability	$	643,415	$	884,146

Schedule of Lease Costs

The following is a summary of the Company’s total lease costs:

	September 30, 2023		September 30, 2022
Operating lease cost	$	368,984	$	283,145

Schedule of Measurement of Lease Liabilities

The following is a summary of cash paid during the nine months ended September 30, 2023 and 2022 for amounts included in the measurement of lease liabilities:

	September 30, 2023		September 30, 2022
Operating cashflow	$	378,102	$	277,974

Schedule of Future Minimum Lease Payments

The following are future minimum lease payments as of September 30, 2023:

2023	$	124,043
2024		361,298
2025		269,645
2026		277,767
2027		117,158
Total future minimum lease payments		1,149,911
Less: amount representing interest		(164,486	)
Present value of future payments		985,425
Current portion		342,010
Long term portion	$	643,415