Quarterly report pursuant to Section 13 or 15(d)

Finance Leases (Tables)

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Finance Leases (Tables)
 9 Months Ended
Sep. 30, 2024
Finance Leases  
Schedule of property and equipment, net
               
    September 30   December 31,
    2024   2023
Land   $ 1,000,000     $ 1,000,000  
Building     100,000       100,000  
Equipment     2,000,000       2,000,000  
Schedule of supplemental balance sheet information related to finance leases
               
    September 30,   December 31,
    2024   2023
Finance lease liabilities:                
Current portion   $ 220,103     $ 214,715  
Non-current portion     2,479,742       2,644,123  
Total   $ 2,699,845     $ 2,858,838  
Schedule of future minimum lease payments of finance lease
       
Year Ending December 31,    
2024 (excluding the nine months ended September 30, 2024)   $ 75,670  
2025     298,248  
2026     296,030  
2027     292,928  
2028     2,023,534  
Total lease payment     2,986,410  
Less imputed interest     (286,565 )
Total   $ 2,699,845  
Schedule of other supplemental information
       
    September 30,
    2024
Weighted average discount rate     3.02 %
Weighted average remaining lease term (years)     3.63