Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.22.4
LEASES (Tables)
 12 Months Ended
Dec. 31, 2022
Leases  
Schedule of lease cost for operating leases
             
    2022     2021  
Lease Cost                
Operating lease cost   $ 524,036     $ 398,440  
Short-term lease cost     263,277       219,604  
Variable lease cost     –       –  
Sublease income     –       –  
Total lease cost   $ 787,313     $ 618,044  
Schedule of supplemental cash flow information related to leases
             
    2022     2021  
Other Lease Information                
Cash paid for amounts included in the measurement of lease liabilities:                
Operating cash flows from operating leases   $ 354,340     $ 323,162  
Amortization of right-of-use assets   $ 430,644     $ 367,213  
Schedule of lease-related assets and liabilities
             
    2022     2021  
Lease Position                
Operating Leases                
Operating lease right-of-use assets   $ 1,505,987     $ 2,182,612  
Right-of-use liability operating lease - short- term     391,117       456,207  
Right-of-use liability operating lease - long-term     1,143,011       1,767,506  
Total operating lease liabilities   $ 1,534,128     $ 2,223,713  
Schedule of right of use asset and lease liability
       
Lease Term and Discount Rate   December 31, 2022  
Weighted-average remaining lease term (years)        
Operating leases     3.7  
Weighted-average discount rate        
Operating leases     6.67%  
Schedule of maturities of lease liabilities
       
    Operating  
    Leases  
       
2023   $ 458,572  
2024     471,638  
2025     485,702  
2026     340,591  
Total future undiscounted lease payments     1,756,503  
Less: Interest     (222,375 )
Present value of lease liabilities   $ 1,534,128