Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Operating Lease Expense

The operating lease expense for the years ended December 31, 2023 and December 31, 2022 is as follows:

	December 31,
For the year ended December 31,	2023		2022
Straight-line operating lease expense	$	1,265,837	$	743,156
Variable lease cost		445,982		133,689
Total operating lease expense	$	1,711,819	$	876,845

Schedule of Future Remaining Minimum Lease Payments

Future remaining minimum lease payments on our operating leases and finance lease are as follows:

Year Ended December 31,	Operating leases			Finance lease
2024	$	846,201		$	205,400
2025		708,439			171,043
2026		452,948			136,940
2027		302,095			143,102
Thereafter		914,910			818,100
Total		3,296,593			1,474,585
Less: Present value adjustment		(1,232,000	)		(767,937	)
Lease liability		2,064,593			706,648
Less: Lease liability, current		(846,201	)		(205,400	)
Lease liability, non-current	$	1,218,392		$	501,248

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information

	December 31,
For the Year Ended December 31, 2023	2023		2022
Supplemental cash flow information
Cash paid for amounts included in operating lease liability	$	1,098,544	$	685,214
Cash paid for amounts included in finance lease liability	$	167,293	$	4,194
Supplemental lease disclosures of non-cash transactions:
ROU assets obtained in exchange for operating lease liabilities	$	219,438	$	2,235,798
ROU assets obtained in exchange for finance lease liabilities	$	—	$	766,623
Reduction of operating lease ROU asset and operating lease liabilities from remeasurement (1)	$	—	$	(1,097,651	)

(1) In April 2022, the lease for Seven-Five Farm, a cultivation facility, was amended and the remaining lease payments were reduced. Upon modification, management reassessed the lease term and concluded that it was not reasonably certain that any of the renewal option periods in the lease would be exercised. This conclusion was different than the conclusion reached at the initial commencement of the lease in 2020. The significant drop in the wholesale cost of marijuana flower and the current economic environment in the cannabis industry, particularly in the cultivation sector, is the primary driver of this change. As a result, the measurement of the ROU asset and operating lease liability no longer includes the payments associated with the renewal option periods.