Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.23.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2023
LEASE  
Schedule of lease liability

 

 

June 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Total lease liability

 

$ 250,291

 

 

$ 315,671

 

Less: short term portion

 

 

142,160

 

 

 

134,343

 

Long term portion

 

$ 108,131

 

 

$ 181,328

 

Schedule of maturity analysis under lease agreements

 

 

Total

 

2023

 

$ 77,845

 

2024

 

 

159,420

 

2025

 

 

31,690

 

Subtotal

 

 

268,955

 

Less: Present value discount

 

 

(18,664 )

Lease liability

 

$ 250,291

 

Schedule of lease expense

 

 

Three Months Ended

 

 

 

June 30,

 

 

 

2023

 

 

2022

 

Operating lease expense

 

$ 36,402

 

 

$ 36,192

 

 

 

$ 36,402

 

 

$ 36,192

 

 

 

 

Six Months Ended

 

 

 

June 30,

 

 

 

2023

 

 

2022

 

Operating lease expense

 

$ 72,804

 

 

$ 72,384

 

 

 

$ 72,804

 

 

$ 72,384

 

Schedule of Weighted-average remaining lease term

 

 

June 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Weighted-average remaining lease term

 

 

1.6

 

 

 

2.1