Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.24.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2023
Leases  
Schedule of lease cost for operating leases
           
    2023     2022  
Lease Cost                
Operating lease cost   $ 468,997     $ 524,036  
Short-term lease cost     215,289       263,277  
Variable lease cost     –       –  
Sublease income     –       –  
Total lease cost   $ 684,286     $ 787,313  
Schedule of supplemental cash flow information related to leases
           
    2023     2022  
Other Lease Information                
Cash paid for amounts included in the measurement of lease liabilities:                
Operating cash flows from operating leases   $ 359,347     $ 354,340  
Amortization of right-of-use assets   $ 369,774     $ 430,644  
Schedule of lease-related assets and liabilities
           
    2023     2022  
Lease Position                
Operating Leases                
Operating lease right-of-use assets   $ 1,136,213     $ 1,505,987  
Right-of-use liability operating lease - short- term     399,611       391,117  
Right-of-use liability operating lease - long-term     775,170       1,143,011  
Total operating lease liabilities   $ 1,174,781     $ 1,534,128  
Schedule of right-of-use asset and lease liabilities
     
    December 31, 2023  
Lease Term and Discount Rate      
Weighted-average remaining lease term (years)        
Operating leases     2.7  
Weighted-average discount rate        
Operating leases     6.82%  
Schedule of maturities of lease liabilities
     
    Operating  
    Leases  
       
2024   $ 471,638  
2025     485,702  
2026     340,591  
Total future undiscounted lease payments     1,297,931  
Less: Interest     (123,148 )
Present value of lease liabilities   $ 1,174,783