Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.23.3
LEASES (Tables)
9 Months Ended
Sep. 30, 2023
LEASE  
Schedule of lease liability

 

 

September 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Total lease liability

 

$ 216,537

 

 

$ 315,671

 

Less: short term portion

 

 

146,187

 

 

 

134,343

 

Long term portion

 

$ 70,350

 

 

$ 181,328

 

Schedule of maturity analysis under lease agreements

 

 

Total

 

2023

 

$ 39,308

 

2024

 

 

159,420

 

2025

 

 

31,690

 

Subtotal

 

 

230,418

 

Less: Present value discount

 

 

(13,881 )

Lease liability

 

$ 216,537

 

Schedule of lease expense

 

 

Three Months Ended

 

 

 

September 30,

 

 

 

2023

 

 

2022

 

Operating lease expense

 

$ 34,522

 

 

$ 36,192

 

 

 

$ 34,522

 

 

$ 36,192

 

 

 

Nine Months Ended

 

 

 

September 30,

 

 

 

2023

 

 

2022

 

Operating lease expense

 

$ 107,326

 

 

$ 108,576

 

 

 

$ 107,326

 

 

$ 108,576

 

Schedule of Weighted-average remaining lease term

 

 

September 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Weighted-average remaining lease term

 

 

1.4

 

 

 

2.1