March 31, 2024
The weighted-average remaining lease term and the weighted-average discount rate of the above three leases are as follows:
Three Months Ended March 31, 2024 | ||||
Weighted average remaining lease term (years) | 2.00 | |||
Weighted average discount rate | 4.5%–6.5 | % |
The following is a schedule, by year of lease payment for above three leases as of March 31, 2024:
For the 12 months ending | Lease Payment | |||
March 31, 2025 | 182,023 | |||
March 31, 2026 | 98,562 | |||
March 31, 2027 | 34,026 | |||
Total undiscounted cash flows | 314,611 | |||
Imputed Interest | (17,266 | ) | ||
Present value of lease liabilities | $ | 297,345 |