Quarterly report pursuant to Section 13 or 15(d)

Finance Leases (Tables)

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Finance Leases (Tables)
 3 Months Ended
Mar. 31, 2024
Finance Leases  
Schedule of property and equipment, net
                 
    March 31,   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
               
    March 31,   December 31,
    2024   2023
Finance lease liabilities:                
Current portion   $ 217,583     $ 214,715  
Non-current portion     2,589,092       2,644,123  
Total   $ 2,806,675     $ 2,858,838  
Schedule of future minimum lease payments of finance lease
         
Year Ending December 31,    
2024 (excluding the three months ended March 31, 2024)     $ 223,688  
2025       298,249  
2026       296,033  
2027       292,051  
2028       1,986,655  
Total lease payment       3,096,676  
Less imputed interest       (290,001 )
Total     $ 2,806,675  
Schedule of other supplemental information of finance lease
       
    March 31,
    2024
Weighted average discount rate     3.07 %
Weighted average remaining lease term (years)     4.17