Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.22.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2021
Leases  
Schedule of lease cost for operating leases
               
    2021     2020  
Lease Cost                
Operating lease cost   $ 398,440     $ 16,000  
Short-term lease cost     219,604       11,120  
Variable lease cost     –       –  
Sublease income     –       –  
Total lease cost   $ 618,044     $ 27,120  
Schedule of supplemental cash flow information related to leases
               
    2021     2020  
Other Lease Information                
Cash paid for amounts included in the measurement of lease liabilities:                
Operating cash flows from operating leases   $ 323,162     $ 194,175  
Schedule of lease-related assets and liabilities
               
    2021     2020  
Lease Position                
Operating Leases                
Operating lease right-of-use assets   $ 2,182,612     $ 842,357  
Right of use liability operating lease short term     456,207       141,943  
Right of use liability operating lease long term     1,767,506       614,414  
Total operating lease liabilities   $ 2,223,713     $ 756,357  
Schedule of right of use asset and lease liability
               
Lease Term and Discount Rate            
Weighted-average remaining lease term (years)                
Operating leases     4.4       4.9  
Weighted-average discount rate                
Operating leases     5.5%       5.5%  
Schedule of maturities of lease liabilities
     
    Operating  
    Leases  
       
2022   $ 770,615  
2023     1,184,356  
2024     1,143,532  
2025     1,118,146  
2026     910,289  
Total future undiscounted lease payments     5,126,937  
Less: Interest     (610,866 )
Present value of lease liabilities   $ 4,516,070