Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

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COMMITMENTS AND CONTINGENCIES (Tables)
 3 Months Ended
Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of supplemental information related to leases
           
   

Three Months Ended

March 31,

  
    2024     2023  
Lease cost:                
Operating lease cost   $ 195,410     $ 195,409  
Short-term lease cost   $ 4,296     $ 7,104  
                 
Other information:                
Operating cash outflow used for operating leases   $ 194,367     $ 126,416  
Weighted average discount rate     9.0 %     9.0 %
Weighted average remaining lease term     8.3 years       9.2 years  
Schedule of future minimum lease payments due under the operating lease
     
    Amount  
Calendar year:        
2024   $ 584,720  
2025     798,556  
2026     818,518  
2027     838,984  
2028     859,856  
Thereafter     3,183,571  
Total undiscounted future minimum lease payments     7,084,205  
Less: Impact of discounting     (2,158,706 )
Total present value of operating lease obligations     4,925,599  
Current portion     (783,944 )
Operating lease obligations, less current portion   $ 4,141,555