Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.22.1
COMMITMENTS AND CONTINGENCIES (Tables)
3 Months Ended
Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of supplemental information related to leases
               
   

Three Months Ended

March 31,

 
    2022     2021  
Lease cost:                
Operating lease cost   $ 193,980     $ 68,578  
Short-term lease cost     6,749       4,928  
                 
Other information:                
Operating cash outflow used for operating leases     46,250       75,784  
Weighted average discount rate     9.0 %     12.0 %
Weighted average remaining lease term     10.2 years       0.6 years  
Future minimum lease payments for non-cancelable operating leases
   
  Amount  
Fiscal year:        
   2022    $ 269,052  
   2023     696,869  
   2024     779,087  
   2025     798,556  
   2026     818,518  
   Thereafter     4,803,472  
      Total undiscounted future minimum lease payments     8,165,554  
Less: Impact of discounting     (3,040,376 )
Total present value of operating lease obligations     5,125,178  
Current portion     (395,468 )
Operating lease obligations, less current portion   $ 4,729,710