Volcon ePowersports, Inc. General form of registration statement for all companies including face-amount certificate companies

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

LEASES (Tables)

LEASES (Tables)

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Schedule of lease cost for operating leases


		Three Months Ended September 30, 2021				Nine months Ended September 20, 2021
Lease Cost
Operating lease cost		$	121,932			$	252,951
Short-term lease cost			61,226				132,697
Variable lease cost			–				–
Sublease income			–				–
Total lease cost		$	183,158			$	385,648

Schedule of supplemental cash flow information related to leases


		September 30, 2020
Other Lease Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	194,175

Schedule of lease-related assets and liabilities


		September 30, 2021				December 31, 2020
Lease Position
Operating Leases
Operating lease right-of-use assets		$	2,296,872			$	842,357
Right of use liability operating lease short term			328,337				141,943
Right of use liability operating lease long term			1,964,779				614,414
Total operating lease liabilities		$	2,293,116			$	756,357

Schedule of maturities of lease liabilities


		Operating
		Leases
Maturity of Lease Liabilities at September 30, 2021
Remainder of 2021		$	100,632
2022			759,522
2023			1,184,356
2024			1,143,532
2025			1,118,146
2026 and thereafter			910,289
Total future undiscounted lease payments			5,216,476
Less: Interest			(599,568	)
Present value of lease liabilities		$	4,616,908