General form of registration statement for all companies including face-amount certificate companies

Commitments and Contingencies (Tables)

v3.24.1
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Lease Information
The remaining lease term and discount rate related to the operating lease are presented in the following table:
December 31, 2023
Weighted-average remaining term – operating lease (in years) 2.83
Weighted-average discount rate – operating lease 15  %
Reported as:
December 31, 2023 December 31, 2022
Operating lease liability $ 72,038  $ 78,700 
Operating lease liability, net of current portion 171,230  — 
Total lease liability $ 243,268  $ 78,700 
Schedule of Future Minimum Lease Payments
Future minimum lease payments as of December 31, 2023 are presented in the following table:
Year:
2024 103,216 
2025 106,313 
2026 90,798 
Total future minimum lease payments: 300,327 
Less imputed interest (57,059)
Total $ 243,268