Quarterly report pursuant to Section 13 or 15(d)

Leases ??? Related Party (Tables)

v3.22.1
Leases – Related Party (Tables)
 3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Schedule of leases supplemental balance sheet information
               
    March 31,   December 31,
    2022   2021
Operating lease ROU asset   $ 1,457,424     $ 1,550,530  

 

    March 31,   December 31,
    2021   2021
Operating lease liabilities:                
Current portion   $ 377,856     $ 368,602  
Non-current portion     1,146,029       1,244,164  
Total   $ 1,523,885     $ 1,612,766  
Schedule of maturities of lease liabilities
       
Year Ending December 31,    
2022 (excluding the three months ended March 31, 2022)   $ 283,500  
2023     396,900  
2024     416,745  
2025     437,582  
Total lease payment     1,534,727  
Less imputed interest     (10,842 )
Total   $ 1,523,885  
Schedule of operating lease cost
       
    March 31,
    2022
Weighted average discount rate     0.36 %
Weighted average remaining lease term (years)     3.67  

 

    Three Months Ended
    March 31,
    2022   2021
Operating lease cost   $ 97,674     $ 97,674  
Total lease cost   $ 97,674     $ 97,674