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Commitments and contingencies (Tables)
12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Lease Payments

 

Future minimum lease payments as December 31, 2022    
     
2023  $31,719 
2024   37,568 
Total minimum lease payments  $69,287 
Schedule of Operating Leases

Supplemental balance sheet information related to leases is as follows:

 

December 31, 2022

 

Operating Leases  Classification  December 31, 2022 
Right-of-use assets  Operating right of use assets  $408,616 
Total     $408,616 
Current lease liabilities  Current operating lease liabilities  $112,250 
Non-current lease liabilities  Long-term operating lease liabilities  $328,116 
Total     $440,366 
 
Operating Leases  Classification  December 31, 2021 
Right-of-use assets  Operating right of use assets  $529,711 
Total     $529,711 
Current lease liabilities  Current operating lease liabilities  $125,266 
Non-current lease liabilities  Long-term operating lease liabilities  $440,366 
Total     $565,632 
 
Summary of Operating Lease Liabilities

Lease term and discount rate were as follows:

 

   December 31, 2022 
Weighted average remaining lease term (years)   2.50 
Weighted average discount rate   12%
Lease term and discount rate were as follows:

 

   December 31, 2021 
Weighted average remaining lease term (years)   3.50 
Weighted average discount rate   12%
 
Summary of Lease Expenses

The following summarizes lease expenses for the year ended December 31, 2022:

Finance lease expenses:

 

      
Depreciation/amortization expense  $121,095 
Interest on lease liabilities   6,673 
Finance lease expense  $127,768 
The following summarizes lease expenses for the year ended December 31, 2021:

 

Finance lease expenses:

 

      
Depreciation/amortization expense  $107,257 
Interest on lease liabilities   77,121 
Finance lease expense  $184,378 

 

Schedule of Cash Flow Information Related to Lease

Supplemental disclosures of cash flow information related to leases were as follows:

 

   December 31, 2022 
Cash paid for operating lease liabilities  $125,266 
Operating right of use assets obtained in exchange for operating lease liabilities  $- 

 

 

 

   December 31, 2021 
Cash paid for operating lease liabilities  $107,242 
Operating right of use assets obtained in exchange for operating lease liabilities  $- 
 
Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities were as follows as of December 31, 2022:

 

  

Operating

Leases

 
     
2023  $158,298 
2024  $138,532 
2025  $141,302 
2026  $107,558 
Total  $545,690 
Less: Imputed interest  $(105,324)
Present value of lease liabilities  $440,366