| Schedule of components of lease expense |
| Schedule of components of lease expense |
|
|
|
|
| |
|
Three Months Ended September 30, 2024 |
| Finance leases: |
|
|
|
|
| Amortization of assets, included in depreciation and amortization expense |
|
$ |
291,289 |
|
| Interest on lease liabilities, included in interest expense |
|
|
12,585 |
|
| Operating lease: |
|
|
|
|
| Amortization of assets, included in total operating expense |
|
|
27,250 |
|
| Interest on lease liabilities, included in total operating expense |
|
|
515 |
|
| Total net lease cost |
|
$ |
331,639 |
|
| |
|
Nine Months Ended September 30, 2024 |
| Finance leases: |
|
|
|
|
| Amortization of assets, included in depreciation and amortization expense |
|
$ |
418,700 |
|
| Interest on lease liabilities, included in interest expense |
|
|
18,034 |
|
| Operating lease: |
|
|
|
|
| Amortization of assets, included in total operating expense |
|
|
91,425 |
|
| Interest on lease liabilities, included in total operating expense |
|
|
773 |
|
| Total net lease cost |
|
$ |
528,932
|
|
| Supplemental balance sheet information related to leases was as follows: |
|
|
|
|
| Operating Leases: |
|
|
| Operating lease right-of-use asset |
|
$ |
599,625 |
|
| |
|
|
|
|
| Current operating lease liabilities |
|
$ |
95,545 |
|
| Noncurrent operating lease liabilities |
|
|
548,897 |
|
| Total operating lease liabilities |
|
$ |
644,442
|
|
| |
|
As of September 30, 2024 |
| Finance leases: |
|
|
|
|
| Property and equipment, at cost |
|
$ |
5,521,716 |
|
| Accumulated amortization |
|
|
(4,911,904 |
) |
| Property and equipment, net |
|
$ |
609,812 |
|
| |
|
|
|
|
| Current obligations of finance leases |
|
$ |
153,729 |
|
| Finance leases, net of current obligations |
|
|
— |
|
| Total finance lease liabilities |
|
$ |
153,729
|
|
|
| Schedule of long term obligations operating and finance leases |
| Schedule
of long term obligations operating and finance leases |
|
|
|
|
|
|
|
|
|
| For
the Twelve Months Ended September 30, |
|
Operating
Leases |
|
Finance
Leases |
| 2025 |
|
|
$ |
154,904 |
|
|
$ |
159,952 |
|
| 2026 |
|
|
|
150,777 |
|
|
|
— |
|
| 2027 |
|
|
|
156,054 |
|
|
|
— |
|
| 2028 |
|
|
|
161,516 |
|
|
|
— |
|
| 2029 |
|
|
|
167,169 |
|
|
|
— |
|
| Thereafter |
|
|
|
14,170 |
|
|
|
— |
|
| Total
lease payments |
|
|
|
804,590 |
|
|
|
159,952 |
|
| Less:
Amounts representing interest |
|
|
|
(160,148 |
) |
|
|
(6,223 |
) |
| Total
lease obligations |
|
|
|
644,442 |
|
|
|
153,729 |
|
| Less:
long-term obligations |
|
|
|
(548,897 |
) |
|
|
— |
|
| Total
current |
|
|
$ |
95,545 |
|
|
$ |
153,729 |
|
|