Annual report pursuant to Section 13 and 15(d)

OPERATING LEASE LIABILITIES AND COMMITMENTS AND CONTINGENCIES (Tables)

v3.23.1
OPERATING LEASE LIABILITIES AND COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Operating Lease Liabilities The following is a summary of operating lease liabilities:
As of December 31,
2022 2021
Operating lease liabilities related to right of use assets $ 2,645,598  $ 694,462 
Less current portion (600,816) (152,459)
Long term $ 2,044,782  $ 542,003 
Schedule of Future Minimum Rental Payments for Operating Leases
The following is a schedule showing total future minimum lease payments:
For the years ending December 31,
Minimum
Lease Payments
2023 $ 827,688 
2024 708,364 
2025 549,319 
2026 398,835 
2027 345,333 
Thereafter 335,983 
Total minimum lease payments $ 3,165,522 
Less: Amount representing interest $ (519,924)
Net lease obligations $ 2,645,598