| Schedule of components of lease expense |
| Schedule of components of lease expense |
|
|
|
|
| |
|
Three Months Ended June 30, 2024 |
| Finance leases: |
|
|
|
|
| Amortization of assets, included in depreciation and amortization expense |
|
$ |
127,411 |
|
| Interest on lease liabilities, included in interest expense |
|
|
5,449 |
|
| Operating lease: |
|
|
|
|
| Amortization of assets, included in total operating expense |
|
|
64,175 |
|
| Interest on lease liabilities, included in total operating expense |
|
|
258 |
|
| Total net lease cost |
|
$ |
197,293
|
|
| |
|
Six Months Ended June 30, 2024 |
| Finance leases: |
|
|
|
|
| Amortization of assets, included in depreciation and amortization expense |
|
$ |
323,480 |
|
| Interest on lease liabilities, included in interest expense |
|
|
14,303 |
|
| 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 |
|
$ |
429,981
|
|
| Supplemental balance sheet information related to leases was as follows: |
|
|
|
|
| Operating lease right-of-use asset |
|
$ |
632,733 |
|
| |
|
|
|
|
| Current operating lease liabilities |
|
$ |
65,983 |
|
| Noncurrent operating lease liabilities |
|
|
574,182 |
|
| Total operating lease liabilities |
|
$ |
640,165 |
|
| |
|
As of June 30, 2024 |
| Finance leases: |
|
|
|
|
| Property and equipment, at cost |
|
$ |
5,521,716 |
|
| Accumulated amortization |
|
|
(4,816,684 |
) |
| Property and equipment, net |
|
$ |
705,032 |
|
| |
|
|
|
|
| Current obligations of finance leases |
|
$ |
261,236 |
|
| Finance leases, net of current obligations |
|
|
— |
|
| Total finance lease liabilities |
|
$ |
261,236 |
|
|
| Schedule of long term obligations operating and finance leases |
| Schedule
of long term obligations operating and finance
leases |
|
|
|
|
| For the Twelve Months Ended June 30, |
|
Operating Leases |
|
Finance Leases |
| |
2024 |
|
|
|
117,857 |
|
|
|
267,459 |
|
| |
2025 |
|
|
|
149,481 |
|
|
|
— |
|
| |
2026 |
|
|
|
154,712 |
|
|
|
— |
|
| |
2027 |
|
|
|
160,127 |
|
|
|
— |
|
| |
2028 |
|
|
|
165,732 |
|
|
|
— |
|
| |
Thereafter |
|
|
|
56,682 |
|
|
|
— |
|
| |
Total lease payments |
|
|
|
804,591 |
|
|
|
267,459 |
|
| |
Less: Amounts representing interest |
|
|
|
(164,426 |
) |
|
|
(6,223 |
) |
| |
Total lease obligations |
|
|
|
640,165 |
|
|
|
261,236 |
|
| |
Less: long-term obligations |
|
|
|
(574,182 |
) |
|
|
|
|
| |
Total current |
|
|
$ |
65,983 |
|
|
$ |
261,236 |
|
|