Operating Lease Obligations (Tables)

3 Months Ended

Mar. 31, 2024

Operating Lease Obligations

Schedule Right-of-use Asset

The Company’s right-of-use asset and lease liability as of March 31, 2024, and December 31, 2024, are as follows:

	March 31, 2024		December 31, 2023
Right-of-use asset	$	803,006	$	917,354
Current lease liability	$	278,064	$	328,229
Long-term lease liability	$	546,566	$	608,761

Schedule of Lease Costs

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

	March 31, 2024		March 31, 2023
Operating lease cost	$	133,796	$	126,034

Schedule of Measurement of Lease Liabilities

The following is a summary of cash paid during the three months ended March 31, 2024 and 2023 for amounts included in the measurement of lease liabilities:

	March 31, 2024		March 31, 2023
Operating cashflow	$	135,784	$	122,156

Schedule of Future Minimum Lease Payments

The following are future minimum lease payments as of March 31, 2024:

2025	$	343,496
2026		278,352
2027		279,815
2028		46,863
Total future minimum lease payments		948,526
Less: amount representing interest		(123,896	)
Present value of future payments		824,630
Current portion		278,064
Long term portion	$	546,566