| LEASES |
NOTE 5—LEASES
The following was included in our condensed consolidated
balance sheets at June 30, 2023 and December 31, 2022:
| |
|
June 30,
2023 |
|
|
December 31,
2022 |
|
| Operating lease right-of-use assets |
|
$ |
25,008 |
|
|
$ |
54,265 |
|
| |
|
|
|
|
|
|
|
|
| Lease liabilities, current portion |
|
|
26,760 |
|
|
|
57,393 |
|
| Lease liabilities, long-term |
|
|
- |
|
|
|
- |
|
| Total operating lease liabilities |
|
$ |
26,760 |
|
|
$ |
57,393 |
|
| |
|
|
|
|
|
|
|
|
| Weighted-average remaining lease term (months) |
|
|
5 |
|
|
|
11 |
|
| Weighted average discount rate |
|
|
5.25% |
|
|
|
5.25% |
|
Total lease expense for the three and six months ended
June 30, 2023 and 2022 is as follows:
| |
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
| |
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
| Operating lease expense |
|
$ |
15,216 |
|
|
$ |
15,216 |
|
|
$ |
30,432 |
|
|
$ |
30,432 |
|
| Variable lease expense |
|
|
7,202 |
|
|
|
1,395 |
|
|
|
11,639 |
|
|
|
3,788 |
|
| Total lease expense |
|
$ |
22,418 |
|
|
$ |
16,611 |
|
|
$ |
42,071 |
|
|
$ |
34,220 |
|
As of June 30, 2023, maturities of operating lease
liabilities were as follows:
| Year Ending December 31, |
|
Amount |
| 2023 – remaining |
|
$ |
27,112 |
|
| Less: imputed interest |
|
|
(352 |
) |
| Total operating lease liabilities |
|
$ |
26,760 |
|
|