Lessee Leases (Tables)
|
3 Months Ended |
Mar. 31, 2023 |
|---|
| Leases [Abstract] |
|
| Schedule of lease costs recognized in consolidated statements of operations |
Lease
costs recognized in our consolidated statements of operations is summarized as follows:
Schedule
of lease costs recognized in consolidated statements of operations
| |
|
2023 |
|
|
2022 |
|
| |
|
Three Months Ended
March 31, |
|
| |
|
2023 |
|
|
2022 |
|
| Operating lease cost included in cost of goods |
|
$ |
- |
|
|
$ |
7,964 |
|
| Operating lease cost included in operating costs |
|
|
22,179 |
|
|
|
7,200 |
|
| Total operating lease cost (1) |
|
|
22,179 |
|
|
|
15,164 |
|
| Finance lease cost, included in cost of goods: |
|
|
|
|
|
|
|
|
| Amortization of lease assets |
|
|
76,768 |
|
|
|
47,416 |
|
| Interest on lease liabilities |
|
|
14,483 |
|
|
|
6,929 |
|
| Total finance lease cost |
|
|
91,251 |
|
|
|
54,345 |
|
| Short-term lease cost |
|
|
- |
|
|
|
- |
|
| Total lease cost |
|
$ |
113,430 |
|
|
$ |
69,509 |
|
| (1) |
Right of use asset
amortization under operating agreements was $15,199 and $12,488 for the three months ended March 31, 2023 and 2022, respectively. |
|
| Schedule of other information about lease amounts recognized in Condensed Consolidated Financial Statements |
Other
information about lease amounts recognized in our condensed consolidated financial statements is summarized as follows:
Schedule
of other information about lease amounts recognized in Condensed Consolidated Financial Statements
| |
|
March 31,
2023 |
|
|
December 31,
2022 |
|
| Weighted-average remaining lease term – operating leases |
|
|
4.75 years |
|
|
|
4.75 years
|
|
| Weighted-average remaining lease term – finance leases |
|
|
3.73 years |
|
|
|
4.63 years
|
|
| Weighted-average discount rate – operating leases |
|
|
6.0 |
% |
|
|
6.0 |
% |
| Weighted-average discount rate – finance leases |
|
|
6.9 |
% |
|
|
5.5 |
% |
|
| Schedule of finance lease liabilities |
Finance
lease liabilities were as follows:
Schedule
of finance lease liabilities
| |
|
March 31,
2023 |
|
|
December 31,
2022 |
|
| Gross finance lease liabilities |
|
$ |
1,268,848 |
|
|
$ |
897,849 |
|
| Less: imputed interest |
|
|
(148,115 |
) |
|
|
(89,939 |
) |
| Present value of finance lease liabilities |
|
|
1,120,733 |
|
|
|
807,910 |
|
| Less: current portion |
|
|
(225,738 |
) |
|
|
(232,058 |
) |
| Long-term finance lease liabilities |
|
$ |
894,995 |
|
|
$ |
575,852 |
|
|
| Schedule of operating lease liabilities |
Operating
lease liabilities were as follows:
Schedule
of operating lease liabilities
| |
|
March 31,
2023 |
|
|
December 31,
2022 |
|
| Gross operating lease liabilities |
|
$ |
437,219 |
|
|
$ |
428,946 |
|
| Less: imputed interest |
|
|
(82,255 |
) |
|
|
(58,782 |
) |
| Present value of operating lease liabilities |
|
|
354,964 |
|
|
|
370,164 |
|
| Less: current portion |
|
|
(64,484 |
) |
|
|
(62,861 |
) |
| Long-term operating lease liabilities |
|
$ |
290,480 |
|
|
$ |
307,303 |
|
|
| Schedule of lease maturities |
Maturity
of lease liabilities
Schedule
of lease maturities
| 12 months ending March 31, |
|
Finance leases |
|
|
Operating leases |
|
| 2022 |
|
$ |
225,738 |
|
|
$ |
64,484 |
|
| 2023 |
|
|
306,365 |
|
|
|
71,279 |
|
| 2024 |
|
|
290,463 |
|
|
|
78,611 |
|
| 2025 |
|
|
226,040 |
|
|
|
86,511 |
|
| 2026 |
|
|
72,127 |
|
|
|
54,077 |
|
| Total |
|
|
1,120,733 |
|
|
|
354,964 |
|
| Less: Current maturities |
|
|
(225,738 |
) |
|
|
(64,484 |
) |
| Long-term liability |
|
$ |
894,995 |
|
|
$ |
290,480 |
|
|