Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASE LIABILITY (Tables)

v3.21.2
OPERATING LEASE LIABILITY (Tables)
6 Months Ended
Jun. 30, 2021
OPERATING LEASE LIABILITY (Tables) [Line Items]  
Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The following table reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancelable operating leases with terms of more than one year to the total lease liabilities recognized on the unaudited condensed consolidated balance sheet as of June 30, 2021:

 

Remainder 2021

  $ 296,764  

2022

    499,849  

2023

    356,844  

2024

    141,457  

2025

    20,510  

Total undiscounted future minimum lease payments

    1,315,424  

Less: Difference between undiscounted lease payments and discounted lease liabilities

    (80,092

)

Total operating lease liabilities

    1,235,332  

Less current portion

    (515,550

)

Long-term operating lease liabilities

  $ 719,782  

 

Operating Lease [Member]  
OPERATING LEASE LIABILITY (Tables) [Line Items]  
Lease, Cost [Table Text Block]

The Company's weighted average remaining lease term and weighted average discount rate for operating leases as of June 30, 2021 are as follows:

 

   

June 30, 2021

   

December 31, 2020

 

Weighted average remaining lease term

    2.87       2.93  

Weighted average discount rate

    4.77

%

    4.77

%