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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases  
Schedule of Balance Sheet Information Related to Leases

The following provides balance sheet information related to leases as of December 31, 2023 and 2022:

  

   2023   2022 
Assets          
Operating lease, right-of-use asset, net  $228,295   $47,687 
Liabilities          
Current portion of operating lease liabilities  $172,975   $52,890 
Operating lease liabilities, net of current portion   61,496    - 
Total operating lease liabilities  $234,471   $52,890 
Schedule of Future Estimated Minimum Lease Payments Under Non-cancelable Operating Leases

At December 31, 2023, the future estimated minimum lease payments under non-cancelable operating leases are as follows:

 

      
2024  $184,532 
2025   62,448 
Total minimum lease payments   246,980 
Less amount representing interest   12,509 
Present value of future minimum lease payments   234,471 
Less current portion of operating lease liabilities   172,975 
Operating lease liabilities, net of current portion  $61,496 
Schedule of Reconciliation of Right-of-Use Assets and lease Liabilities

The following table provides a reconciliation for the Company’s right of use assets and lease liabilities:

  

   Right-of-Use Asset   Operating Lease Liability 
Balance at January 1, 2022  $185,943   $204,948 
Amortizations   (138,256)   (152,058)
Balance at December 31, 2022   47,687    52,890 
Remeasurement of operating lease right-of-use assets and operating lease liability   198,847    198,847 
Operating right-of-use asset acquired through operating lease liability   141,989    141,989 
Amortizations   (160,228)   (159,255)
Balance at December 31, 2023  $228,295   $234,471 
Schedule of Other Supplemental Information Related to Operating Leases

Other supplemental information related to operating leases is as follows:

  

   2023   2022 
   As of December 31, 
   2023   2022 
Weighted average remaining term of operating leases (in years)   1.33    0.33 
Weighted average discount rate of operating leases   7.36%   4.65%
Schedule of Lease Expense

The components of lease expense were approximately as follows for the years ended December 31, 2023 and 2022:

 

   2023   2022 
Operating lease cost  $178,000   $144,000 
Short-term lease cost   14,000    - 
Lease expense  $192,000   $144,000