General form of registration statement for all companies including face-amount certificate companies

COMMITMENTS AND CONTINGENCIES (Tables)

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COMMITMENTS AND CONTINGENCIES (Tables)
 12 Months Ended
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of supplemental information related to leases
           
    Year Ended December 31,  
    2023     2022  
Lease cost:                
Operating lease cost   $ 781,638     $ 782,591  
Short-term lease cost   $  63,770     $ 33,751  
                 
Other information:                
Operating cash outflow used for operating leases   $  696,869     $  416,250  
Weighted average discount rate     9.0 %     9.0 %
Weighted average remaining lease term     8.5 years       9.5 years  
Schedule of future minimum lease payments due under the operating lease
     
   

Amount

  
Calendar year:        
2024   $ 779,087  
2025     798,556  
2026     818,518  
2027     838,984  
2028     859,856  
   Thereafter     3,183,571  
      Total undiscounted future minimum lease payments     7,278,572  
Less: Impact of discounting     (2,270,767 )
Total present value of operating lease obligation     5,007,805  
      Current portion     (779,087 )
Operating lease obligation, less current portion   $ 4,228,718