Quarterly report pursuant to Section 13 or 15(d)

Operating Lease Right-Of-Use (???Rou???) Assets and Operating Lease Liabilities (Tables)

v3.23.2
Operating Lease Right-Of-Use (“Rou”) Assets and Operating Lease Liabilities (Tables)
 6 Months Ended
Jun. 30, 2023
Operating Lease Right-of-Use (“Rou”) Assets and Operating Lease Liabilities [Abstract]  
Schedule of Right-of-Use Asset On June 30, 2023 and December 31, 2022, right-of-use asset (“ROU”) is summarized as follows:
    June 30,
2023		     December 31,
2022		  
Office leases and office equipment right of use assets   $ 279,162     $ 480,293  
Less: accumulated amortization     (92,531 )     (104,881 )
Balance of ROU assets   $ 186,631     $ 375,412  
Schedule of Operating Lease Liabilities Related to the Rou Assets On June 30, 2023 and December 31, 2022, operating lease liabilities related to the ROU assets are summarized as follows:
    June 30,
2023		     December 31,
2022		  
Lease liabilities related to office leases right of use assets   $ 186,631     $ 376,566  
Less: current portion of lease liabilities     (57,910 )     (117,671 )
Lease liabilities – long-term   $ 128,721     $ 258,895  
Schedule of Future Minimum Base Lease Payments Due Under Non-Cancelable Operating Leases On June 30, 2023, future minimum base lease payments due under non-cancelable operating leases are as follows:
Twelve months ended June 30,   Amount  
2024   $ 76,654  
2025     72,714  
2026     67,200  
2027     5,600  
Total minimum non-cancelable operating lease payments     222,168  
Less: discount to fair value     (35,537 )
Total lease liability on June 30, 2023   $ 186,631