Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.2
Leases (Tables)
6 Months Ended
Jun. 30, 2021
Leases  
Schedule of lease cost

For the Three Months Ended June 30, 2021

For the Six Months Ended June 30, 2021

Operating lease cost

$

113,555

$

227,111

Finance lease cost

Amortization of lease assets

29,725

59,450

Interest on lease liabilities

3,345

7,087

Total finance lease cost

$

33,070

$

66,537

Schedule of weighted average remaining lease term and incremental borrowing rate

Weighted average remaining lease term

Operating leases

5.7

years

Finance leases

1.8

years

Weighted average discount rate

Operating leases

6.47

%

Finance leases

6.00

%

Schedule of maturities of operating and finance lease liabilities

Operating Leases

    

Finance Leases

    

Total

2021 (excluding the six months ended June 30, 2021)

$

186,181

$

60,342

$

246,523

2022

360,839

155,694

516,533

2023

244,973

10,284

255,257

2024

231,503

-

231,503

2025

238,452

-

238,452

2026

245,607

-

245,607

Thereafter

209,214

-

209,214

Total minimum lease payments

1,716,769

226,320

1,943,089

Less: imputed interest

(271,657)

(11,209)

(282,866)

Present value of lease liabilities

$

1,445,112

$

215,111

$

1,660,223