Quarterly report pursuant to Section 13 or 15(d)

Operating Leases (Tables)

v3.24.1.1.u2
Operating Leases (Tables)
3 Months Ended
Mar. 31, 2024
Operating Leases  
Schedule of operating lease right of use asset and liabilities

 

 

March 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Right of use asset - operating lease

 

$ 161,728

 

 

$ 10,639

 

Current portion of operating lease liability

 

 

22,960

 

 

 

11,157

 

Operating lease liability

 

 

138,768

 

 

 

-

 

Schedule of future minimum lease payments

For the twelve months ended March 31,

 

 

 

2025

 

 

45,000

 

2026

 

 

45,000

 

2027

 

 

46,392

 

2028

 

 

46,392

 

2029

 

 

46,392

 

Total

 

 

229,176

 

Less discount

 

 

(67,448 )

Total lease liabilities

 

 

161,728

 

Less current portion

 

 

(22,960 )

Operating lease obligation, net of current portion

 

$ 138,768

 

Schedule of lease cost

 

 

For the Three Months  

Ended

March 31,

2024

 

 

For the Three Months 

Ended

March 31,

2023

 

Operating lease costs

 

$ 10,893

 

 

$ 9,830