Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.24.2.u1
COMMITMENTS AND CONTINGENCIES (Tables)
 6 Months Ended
Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of supplemental information related to leases
             
   

Six Months Ended

June 30,

  
    2024     2023  
Lease cost:                
Operating lease cost   $ 390,819     $ 390,819  
Short-term lease cost   $ 10,916     $ 46,717  
                 
Other information:                
Operating cash outflow used for operating leases   $ 388,734     $ 316,040  
Weighted average discount rate     9.0 %     9.0 %
Weighted average remaining lease term     8.0 years       9.0 years  
Schedule of future minimum lease payments due under the operating lease
     
    Amount  
Calendar year:        
2024   $ 390,353  
2025     798,556  
2026     818,518  
2027     838,984  
2028     859,856  
Thereafter     3,183,571  
Total undiscounted future minimum lease payments     6,889,838  
Less: Impact of discounting     (2,048,510 )
Total present value of operating lease obligations     4,841,328  
Current portion, operating lease obligation     (788,801 )
Operating lease obligations, less current portion   $ 4,052,527