Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.3
Operating Lease Right-Of-Use (“Rou”) Assets and Operating Lease Liabilities (Tables)
 9 Months Ended
Sep. 30, 2023
Operating Lease Right-of-Use (“Rou”) Assets and Operating Lease Liabilities [Abstract]
Schedule of Right-of-Use Asset On September 30, 2023 and December 31, 2022, right-of-use asset (“ROU”) is summarized as follows:
September 30,
2023		 December 31,
2022
Office leases and office equipment right of use assets $ 279,162 $ 480,293
Less: accumulated amortization (106,408 ) (104,881 )
Balance of ROU assets $ 172,754 $ 375,412

Schedule of Operating Lease Liabilities Related to the Rou Assets On September 30, 2023 and December 31, 2022, operating lease liabilities related to the ROU assets are summarized as follows:
September 30,
2023		 December 31,
2022
Lease liabilities related to office leases right of use assets $ 172,754 $ 376,566
Less: current portion of lease liabilities (59,548 ) (117,671 )
Lease liabilities – long-term $ 113,206 $ 258,895
Schedule of Future Minimum Base Lease Payments Due Under Non-Cancelable Operating Leases On September 30, 2023, future minimum base lease payments due under non-cancelable operating leases are as follows:
Twelve months ended September 30, Amount
2024 $ 76,654
2025 70,351
2026 56,000
Total minimum non-cancelable operating lease payments 203,005
Less: discount to fair value (30,251 )
Total lease liability on September 30, 2023 $ 172,754