Annual report pursuant to Section 13 and 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.22.1
COMMITMENTS AND CONTINGENCIES (Tables)
 12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of supplemental information related to leases
               
    Year Ended December 31,  
    2021     2020  
Lease cost:                
Operating lease cost   $ 414,085     $ 279,975  
Short-term lease cost     21,628       21,341  
                 
Other information:                
Operating cash outflow used for operating leases     285,959       344,307  
Weighted average discount rate     9.0 %     12.0 %
Weighted average remaining lease term     10.4 years       0.8 years  
Future minimum lease payments for non-cancelable operating leases
   
 

As of

December 31, 2021

  
Fiscal year:        
   2022    $ 315,302  
   2023     696,869  
   2024     779,087  
   2025     798,556  
   2026     818,518  
   Thereafter     4,803,472  
      Total undiscounted future minimum lease payments     8,211,804  
Less: Impact of discounting     (3,156,719 )
Total present value of operating lease liabilities     5,055,085  
      Current portion     (315,302 )
Operating lease liability, less current portion   $ 4,739,783