Schedule of supplemental information related to leases |
Schedule of supplemental information related
to leases |
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Nine
Months Ended September
30,
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2023 |
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|
2022 |
|
Lease
cost: |
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|
|
|
|
|
|
|
Operating
lease cost |
|
$ |
586,228 |
|
|
$ |
582,989 |
|
Short-term
lease cost |
|
$ |
56,052 |
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|
$ |
26,127 |
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Other
information: |
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Operating
cash outflow used for operating leases |
|
$ |
505,664 |
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|
$ |
323,750 |
|
Weighted
average discount rate |
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|
9.0 |
% |
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|
9.0 |
% |
Weighted
average remaining lease term |
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|
8.6
years
|
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|
9.6
years
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Year
Ended December 31, |
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2022 |
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|
2021 |
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Lease cost: |
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|
|
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|
Operating lease cost |
|
$ |
782,591 |
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|
$ |
414,085 |
|
Short-term lease cost |
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|
33,751 |
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|
|
21,628 |
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|
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Other information: |
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Operating cash outflow used for operating leases |
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|
416,250 |
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|
285,959 |
|
Weighted average discount rate |
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|
9.0 |
% |
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|
9.0 |
% |
Weighted average remaining lease term |
|
|
9.5
years
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|
10.4
years
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Schedule of future minimum lease payments |
Schedule of future minimum lease payments |
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|
|
Amount |
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Calendar year: |
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|
|
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2023 |
|
$ |
191,205 |
|
2024 |
|
|
779,087 |
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2025 |
|
|
798,556 |
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2026 |
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|
818,518 |
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2027 |
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|
838,984 |
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Thereafter |
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|
4,043,427 |
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Total undiscounted future minimum lease payments |
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|
7,469,777 |
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Less: Impact of discounting |
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|
(2,384,618 |
) |
Total present value of
operating lease obligations |
|
|
5,085,159 |
|
Current portion |
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|
(774,306) |
|
Operating lease obligations,
less current portion |
|
$ |
4,310,853 |
|
|
Schedule
of future minimum lease payments for non-cancellable operating leases |
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As
of
December
31, 2022
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Fiscal
year: |
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|
|
2023 |
|
$ |
696,869 |
|
2024 |
|
|
779,087 |
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2025 |
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|
798,556 |
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2026 |
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|
818,518 |
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2027 |
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|
838,984 |
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Thereafter |
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|
4,043,427 |
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Total
undiscounted future minimum lease payments |
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|
7,975,441 |
|
Less:
Impact of discounting |
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|
(2,735,629 |
) |
Total
present value of operating lease liability |
|
|
5,239,812 |
|
Current
portion |
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|
(696,869 |
) |
Operating
lease liability, less current portion |
|
$ |
4,542,943 |
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