Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.21.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Lease Expense

    For the Six Months Ended     For the Six Months Ended  
    June 30, 2021     June 30, 2020  
Operating Leases   $ 110,315     $ 130,314  
Interest on lease liabilities     25,352       32,733  
Total net lease cost   $ 135,667     $ 163,047  
Schedule of Supplemental Information Related to Leases

    June 30, 2021     December 31, 2020  
             
Operating leases                
                 
Operating lease ROU assets - net   $ 552,222     $ 368,638  
                 
Operating lease liabilities - current   $ 97,880     $ 210,556  
Operating lease liabilities - non-current     454,342       155,167  
Total operating lease liabilities   $ 552,222     $ 365,723  

 

Supplemental cash flow and other information related to leases was as follows:

 

    For the Six Months Ended     For the Six Months Ended  
    June 30, 2021     June 30, 2020  
Cash paid for amounts included in measurement of lease liabilities
Operating cash flows from operating leases   $ 89,616     $ 92,867  
                 
ROU assets obtained in exchange for lease liabilities                
Operating leases   $ 515,848     $ 355,203  
                 
Weighted average remaining lease term (in years)                
Operating leases    

8.21

      2.20  
                 
Weighted average discount rate                
Operating leases    

5

%     11 %
Schedule of Future Minimum Payments
      June 30, 2021  
2021 (6 months remaining)   $ 62,129  
2022     78,750  
2023     60,294  
2024     61,876  
2025     63,460  
Thereafter     357,078  
Total lease payments     683,587  
Less: amount representing interest     (131,365 )
Total lease obligations   $ 552,222