Other (Expenses)/Income

6 Months Ended

Jun. 30, 2023

Other Income and Expenses [Abstract]

Other (Expenses)/Income

Other (expense)/income

The Company recognized $(587,389) and $4,619,765 of Other (expenses)/income for the three months ended June 30, 2023 and June 30, 2022, respectively.

The Company recognized $266,538 and $4,337,816 of Other income for the six months ended June 30, 2023 and June 30, 2022, respectively, as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
Other (expense) income:	2023		2022		2023		2022
Interest income (expense), net	$	521,872	$	98,276	$	1,331,044	$	(37,330)
Gain on remeasurement of warrant liabilities	—		3,027,766		—		2,969,017
(Loss)/gain on initial equity method investments	(90,573)		89,810		(205,859)		6,469
Loss on disposal of fixed assets	(98,630)		—		(153,469)		—
Gain on remeasurement of finance leases	—		1,388,273		—		1,388,273
ABC Litigation	(1,000,000)		—		(1,000,000)		—
Other income	79,942		15,640		294,822		11,387
Total other (expense) income	$	(587,389)	$	4,619,765	$	266,538	$	4,337,816

For the three months ended June 30, 2023, the Company recognized other income of $79,942, net of $6,410 from realized foreign exchange gain offset by rental income of $0.

For the three months ended June 30, 2022, the Company recognized other income of $15,640, net of $1,145 from realized foreign exchange gain offset by rental income of $14,495.

For the six months ended June 30, 2023, the Company recognized other income of $294,822, net of $5,773 from realized foreign exchange gain offset by rental income of $8,496.

For the six months ended June 30, 2022, the Company recognized other income of $11,387, net of $19,660 from realized foreign exchange loss offset by rental income of $31,047.