Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.22.1
LEASES (Tables)
 3 Months Ended
Mar. 31, 2022
Leases  
Schedule of lease cost for operating leases
           
    2022     2021  
Lease Cost                
Operating lease cost   $ 158,672     $ 37,025  
Short-term lease cost     17,120       33,360  
Variable lease cost     –       –  
Sublease income     –       –  
Total lease cost   $ 175,792     $ 70,385  
Schedule of supplemental cash flow information related to leases
     
    March 31, 2022  
Other Lease Information        
Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash flows from operating leases   $ 116,716  
Schedule of lease-related assets and liabilities
           
   

March 31,

2022

    

December 31,

2021

  
Lease Position                
Operating Leases                
Operating lease right-of-use assets   $ 2,199,009     $ 2,182,612  
Right of use liabilities operating leases short term     584,083       456,207  
Right of use liabilities operating leases long term     1,697,983       1,767,506  
Total operating lease liabilities   $ 2,282,066     $ 2,223,713  
Schedule of right of use asset and lease liability
     
Lease Term and Discount Rate      
Weighted-average remaining lease term (years)      
Operating leases     3.4  
Weighted-average discount rate        
Operating leases     5.5%  
Schedule of maturities of lease liabilities
     
    Operating  
    Leases  
       
Remainder of 2022   $ 655,456  
2023     1,184,013  
2024     1,143,179  
2025     1,117,782  
2026     922,774  
Total future undiscounted lease payments     5,023,204  
Less: Interest     (557,898 )
Present value of lease liabilities   $ 4,465,306