Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.22.2
COMMITMENTS AND CONTINGENCIES (Tables)
 6 Months Ended
Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of supplemental information related to leases
               
   

Six Months Ended

June 30,

  
    2022     2021  
Lease cost:                
Operating lease cost   $ 389,813     $ 145,856  
Short-term lease cost     17,922       10,806  
                 
Other information:                
Operating cash outflow used for operating leases     185,000       151,568  
Weighted average discount rate     9.0 %     12.0 %
Weighted average remaining lease term     9.9 years       0.3 years  
Future minimum lease payments for non-cancelable operating leases
   
  Amount  
Calendar year:        
   2022    $ 193,988  
   2023     696,869  
   2024     779,087  
   2025     798,556  
   2026     818,518  
   Thereafter     4,803,472  
      Total undiscounted future minimum lease payments     8,090,490  
Less: Impact of discounting     (2,988,921 )
Total present value of operating lease obligations     5,101,569  
Current portion     (510,028 )
Operating lease obligations, less current portion   $ 4,591,541