Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.24.1
Leases (Tables)
12 Months Ended
Dec. 31, 2023
Lessee Disclosure [Abstract]  
Summary of Future Lease Payments of Operating Leases

Year Ended December 31,

 

 

 2024

 

$

909,296

 

 2025

 

 

916,671

 

 2026

 

 

927,671

 

 2027

 

 

939,600

 

 2028

 

 

876,385

 

Thereafter

 

 

1,085,258

 

Total lease payments

 

 

5,654,881

 

Less: imputed interest

 

 

(1,458,643

)

Present value of lease liabilities

 

 

4,196,238

 

Less: current lease liabilities

 

 

(512,416

)

Long-term lease liabilities

 

$

3,683,822

 

Summary of Contractual Sublease Income

The following is a summary as of December 31, 2023, of the contractual sublease income:

 

Year Ended December 31,

 

 

 2024

 

$

480,000

 

 2025

 

 

480,000

 

 2026

 

 

480,000

 

 2027

 

 

280,000

 

Total sublease income

 

$

1,720,000