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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Summary of Maturity of Operating Lease Liabilities The amount and the maturity of the Company’s operating lease liabilities as of March 31, 2023, are as follows:

 

 

 

 

 

 

 

 

 

March 31, 2023

 

2023 (March 31 -December 31)

 

 

 

 

 

 

 

$

287,223

 

2024

 

 

 

 

 

 

 

 

159,872

 

2025

 

 

 

 

 

 

 

 

67,981

 

2026

 

 

 

 

 

 

 

 

 

2027

 

 

 

 

 

 

 

 

 

Thereafter

 

 

 

 

 

 

 

 

 

Total future minimum lease payments

 

 

 

 

 

 

 

 

515,076

 

Less imputed interest

 

 

 

 

 

 

 

 

70,278

 

Total operating lease liabilities

 

 

 

 

 

 

 

$

444,798

 

Included in the condensed consolidated balance sheet:

 

 

 

 

 

 

 

 

 

Current operating lease liabilities

 

 

 

 

 

 

 

$

275,028

 

Non-current operating lease liabilities

 

 

 

 

 

 

 

 

169,770

 

Total operating lease liabilities

 

 

 

 

 

 

 

$

444,798

 

Summary of Operating Lease Cost

For the three months ended March 31, 2023 and 2022, the total lease cost is comprised of the following amounts:

 

 

 

 

 

For the Three Months
Ended March 31,

 

 

 

 

 

 

 

2023

 

 

2022

 

Operating lease expense

 

 

 

 

 

 

125,650

 

 

 

116,611

 

Short-term lease expense

 

 

 

 

 

 

 

 

 

1,950

 

Total lease expense

 

 

 

 

 

$

125,650

 

 

$

118,561

 

Summary of Additional Information Related to Operating Leases

The following summarizes additional information related to operating leases:

 

 

 

 

 

 

 

 

 

March 31, 2023

 

Weighted-average remaining lease term (in years)

 

 

 

 

 

 

 

 

1.6

 

Weighted-average discount rate

 

 

 

 

 

 

 

 

20

%