Schedule of components of lease expense |
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Year Ended December 31, 2024 |
Finance leases: |
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Amortization of assets, included in depreciation and amortization expense |
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$ |
418,700 |
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Interest on lease liabilities, included in interest expense |
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23,549 |
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Operating lease: |
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Amortization of assets, included in total operating expense |
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91,425 |
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Interest on lease liabilities, included in total operating expense |
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773 |
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Total net lease cost |
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$ |
534,447 |
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Supplemental balance sheet information related to leases was as follows: |
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Operating Leases: |
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Operating lease right-of-use asset |
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$ |
575,380 |
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Current operating lease liabilities |
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$ |
98,860 |
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Noncurrent operating lease liabilities |
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523,070 |
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Total operating lease liabilities |
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$ |
621,930
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