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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases  
Schedule of components of lease expense

 

 

Year Ended December

31, 2023

 

Lease Cost

 

 

 

Operating lease cost (included in general and administrative in the Company’s statement of operations)

 

$20,757

 

 

 

 

 

 

Other Information

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities for the year ended December 31, 2023

 

$19,950

 

Weighted average remaining lease term – operating leases (in years)

 

2.42 years

 

Average discount rate – operating lease

 

 

10%
Schedule of balance sheet information related to lease

 

 

At December

31, 2023

 

 

At December

31, 2022

 

Operating leases

 

 

 

 

 

 

Remaining right-of-use assets

 

$76,520

 

 

$-

 

 

 

 

 

 

 

 

 

 

Short-term operating lease liabilities

 

$28,838

 

 

$-

 

Long-term operating lease liabilities

 

$48,489

 

 

$-

 

Total operating lease liabilities

 

$77,327

 

 

$-

 

Schedule of maturity of operating lease liabilities

Year Ending

 

Operating

Leases

 

2024

 

$34,998

 

2025

 

 

36,394

 

2026

 

 

15,410

 

Total lease payments

 

 

86,802

 

Less: Imputed interest/present value discount

 

 

(9,475 )

Present value of lease liabilities

 

$77,327