Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASE LIABILITY (Tables)

v3.22.1
OPERATING LEASE LIABILITY (Tables)
3 Months Ended
Mar. 31, 2022
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 March 31, 2022:

 

Remainder 2022

  $ 292,739  

2023

    277,881  

2024

    60,735  

Total undiscounted future minimum lease payments

    631,355  

Less: Difference between undiscounted lease payments and discounted lease liabilities

    (27,133

)

Total operating lease liabilities

    604,222  

Less current portion

    (348,048

)

Long-term operating lease liabilities

  $ 256,174  

 

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

The Company's weighted average remaining lease term for operating leases as of March 31, 2022 is as follows:

 

   

March 31, 2022

   

December 31, 2021

 

Weighted average remaining lease term

    1.78       2.46