Lessee Leases (Tables)
|
6 Months Ended |
Jun. 30, 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 |
|
|
2023 |
|
|
2022 |
|
| |
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
| |
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
| Operating lease cost included in cost of goods |
|
$ |
- |
|
|
$ |
7,964 |
|
|
$ |
- |
|
|
$ |
13,054 |
|
| Operating lease cost included in operating costs |
|
|
19,679 |
|
|
|
7,200 |
|
|
|
41,858 |
|
|
|
14,700 |
|
| Total operating lease cost (1) |
|
|
19,679 |
|
|
|
15,164 |
|
|
|
41,858 |
|
|
|
27,754 |
|
| Finance lease cost, included in cost of goods: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortization of lease assets |
|
|
88,319 |
|
|
|
47,416 |
|
|
|
165,088 |
|
|
|
98,469 |
|
| Interest on lease liabilities |
|
|
18,573 |
|
|
|
6,929 |
|
|
|
33,056 |
|
|
|
14,487 |
|
| Total finance lease cost |
|
|
106,892 |
|
|
|
54,345 |
|
|
|
198,144 |
|
|
|
112,956 |
|
| Short-term lease cost |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Total lease cost |
|
$ |
126,571 |
|
|
$ |
69,509 |
|
|
$ |
240,002 |
|
|
$ |
140,710 |
|
| |
(1) |
Right
of use asset amortization under operating agreements was $15,199 and $12,488 for the three months ended June 30, 2023 and 2022, respectively.
Right of use asset amortization under operating agreements was $30,399 and $25,634 for the six months ended June 30, 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
| |
|
June 30,
2023 |
|
|
December 31,
2022 |
|
| Weighted-average remaining lease term – operating leases |
|
|
3.60 years |
|
|
|
4.75 years |
|
| Weighted-average remaining lease term – finance leases |
|
|
3.51 years |
|
|
|
4.63 years |
|
| Weighted-average discount rate – operating leases |
|
|
6.0 |
% |
|
|
6.0 |
% |
| Weighted-average discount rate – finance leases |
|
|
6.89 |
% |
|
|
5.5 |
% |
|
| Schedule of finance lease liabilities |
Finance
lease liabilities were as follows:
Schedule
of finance lease liabilities
| |
|
June 30,
2023 |
|
|
December 31,
2022 |
|
| Gross finance lease liabilities |
|
$ |
1,210,895 |
|
|
$ |
897,849 |
|
| Less: imputed interest |
|
|
(134,360 |
) |
|
|
(89,939 |
) |
| Present value of finance lease liabilities |
|
|
1,076,535 |
|
|
|
807,910 |
|
| Less: current portion |
|
|
(309,852 |
) |
|
|
(232,058 |
) |
| Long-term finance lease liabilities |
|
$ |
766,683 |
|
|
$ |
575,852 |
|
|
| Schedule of operating lease liabilities |
Operating
lease liabilities were as follows:
Schedule
of operating lease liabilities
| |
|
June 30,
2023 |
|
|
December 31,
2022 |
|
| Gross operating lease liabilities |
|
$ |
387,823 |
|
|
$ |
428,946 |
|
| Less: imputed interest |
|
|
(48,058 |
) |
|
|
(58,782 |
) |
| Present value of operating lease liabilities |
|
|
339,765 |
|
|
|
370,164 |
|
| Less: current portion |
|
|
(66,132 |
) |
|
|
(62,861 |
) |
| Long-term operating lease liabilities |
|
$ |
273,633 |
|
|
$ |
307,303 |
|
|
| Schedule of lease maturities |
Maturity
of lease liabilities
Schedule of lease maturities
| 12 months ending June 30, |
|
|
Finance leases |
|
|
Operating leases |
|
| 2024 |
|
|
$ |
309,852 |
|
|
$ |
66,132 |
|
| 2025 |
|
|
|
310,751 |
|
|
|
73,285 |
|
| 2026 |
|
|
|
271,245 |
|
|
|
80,528 |
|
| 2027 |
|
|
|
167,616 |
|
|
|
88,575 |
|
| 2028 |
|
|
|
17,071 |
|
|
|
31,245 |
|
| Total |
|
|
|
1,076,535 |
|
|
|
339,765 |
|
| Less: Current maturities |
|
|
|
(309,852 |
) |
|
|
(66,132 |
) |
| Long-term liability |
|
|
$ |
766,683 |
|
|
$ |
273,633 |
|
|