Operating Lease Obligations (Tables)

12 Months Ended

Dec. 31, 2023

The following table presents our lease-related assets and liabilities at December 31, 2023 and 2022:

	Balance Sheet Classification	December 31, 2023			December 31, 2022

Assets:
Total operating leases	Right-of-use operating lease assets	$	359,194		$	574,256

Liabilities:
Current:
Operating leases	Right-of-use operating lease obligations	$	183,345		$	215,063
Noncurrent:
Operating leases	Right-of-use operating lease obligations		175,849			359,193

Total lease liabilities		$	359,194		$	574,256

Weighted-average remaining term:
Operating leases			1.83 years			2.59 years

Weighted-average discount rate:
Operating leases			13.0	%		13.0	%

The following table presents certain information related to lease expense for operating leases for the years ended December 31, 2023 and 2022:

Schedule of Lease Expense

⁽¹⁾	Expense is included in general and administrative expenses in the consolidated statements of operations.

The following table presents supplemental cash flow information for the years ended December 31, 2023 and 2022:

	Year Ended December 31, 2023		Year Ended December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	265,307	$	323,961

Aggregate future minimum lease payments under the right-of-use operating lease outstanding at December 31, 2023 are as follows:

	Right-of-Use Operating Lease
Twelve months ending December 31:
2024	$	219,463
2025		186,496
2026		-
2027		-
2028		-
Thereafter		-
Total		405,959

Less interest		(46,765	)
Present value of minimum lease payments		359,194

Less current portion of operating lease obligation		(183,345	)
Operating lease obligation, net of current portion	$	175,849