LEASES (Tables)
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9 Months Ended |
Sep. 30, 2022 |
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| Leases |
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| Schedule of lease cost for operating leases |
| Schedule of lease cost for operating leases |
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Three Months Ended September 30, 2022
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Three Months Ended September 30, 2021
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Nine Months Ended September 30, 2022
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Nine Months Ended September 30, 2021
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| Lease Cost |
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| Operating lease cost |
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$ |
107,534 |
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|
$ |
121,932 |
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|
$ |
406,786 |
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|
$ |
252,951 |
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| Short-term lease cost |
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|
75,015 |
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|
|
61,226 |
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|
|
208,009 |
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|
|
132,697 |
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| Variable lease cost |
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|
– |
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– |
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– |
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– |
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| Sublease income |
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– |
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– |
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– |
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– |
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| Total lease cost |
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$ |
182,549 |
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|
$ |
183,158 |
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|
$ |
614,795 |
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|
$ |
385,648 |
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| Schedule of supplemental cash flow information related to leases |
| Schedule of supplemental cash flow information related to leases |
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September 30, 2022
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September 30, 2021
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| Other Lease Information |
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| Cash paid for amounts included in the measurement of lease liabilities: |
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| Operating cash flows from operating leases |
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$ |
269,836 |
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$ |
194,175 |
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| Amortization of right of use assets |
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$ |
342,112 |
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$ |
252,951 |
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| Schedule of lease-related assets and liabilities |
| Schedule of lease-related assets and liabilities |
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September 30, 2022
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December 31, 2021
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| Lease Position |
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| Operating Leases |
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| Operating lease right-of-use assets |
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$ |
1,594,519 |
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$ |
2,182,612 |
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| Right of use liabilities operating leases short-term |
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|
380,871 |
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|
456,207 |
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| Right of use liabilities operating leases long-term |
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|
1,237,761 |
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|
|
1,767,506 |
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| Total operating lease liabilities |
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$ |
1,618,632 |
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|
$ |
2,223,713 |
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| Schedule of right of use asset and lease liability |
| Schedule of right of use asset and lease liability |
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| Lease Term and Discount Rate |
|
September 30,
2022 |
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| Weighted-average remaining lease term (years) |
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| Operating leases |
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3.9 |
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| Weighted-average discount rate |
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| Operating leases |
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6.67% |
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| Schedule of maturities of lease liabilities |
| Schedule of maturities of lease liabilities |
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Operating |
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Leases |
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| Remainder of 2022 |
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$ |
113,224 |
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| 2023 |
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|
458,572 |
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| 2024 |
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|
471,638 |
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| 2025 |
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|
485,702 |
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| 2026 |
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|
340,591 |
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| Total future undiscounted lease payments |
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|
1,869,727 |
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| Less: Interest |
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|
(251,094 |
) |
| Present value of lease liabilities |
|
$ |
1,618,632 |
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