Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.23.1
COMMITMENTS AND CONTINGENCIES (Tables)
 3 Months Ended
Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of supplemental information related to leases
           
   

Three Months Ended

March 31,

  
    2023     2022  
Lease cost:                
Operating lease cost   $ 195,409     $ 193,980  
Short-term lease cost     7,104       6,749  
                 
Other information:                
Operating cash outflow used for operating leases     126,416       46,250  
Weighted average discount rate     9.0 %     9.0 %
Weighted average remaining lease term     9.2 years       10.2 years  
Future minimum lease payments for non-cancellable operating leases
         
    Amount  
Calendar year:        
2023   $ 570,453  
2024     779,087  
2025     798,556  
2026     818,518  
2027     838,984  
Thereafter     4,043,427  
Total undiscounted future minimum lease payments     7,849,025  
Less: Impact of discounting     (2,617,321 )
Total present value of operating lease obligations     5,231,704  
Current portion     (764,820 )
Operating lease obligations, less current portion   $ 4,466,884