Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.20.4
Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of Information Relating to Leases
Information related to the Company's operating lease liabilities for are as follows:

December 31, 2020
Cash paid for operating lease liabilities $ 362,366 
Weighted-average remaining lease term 2.2 years
Weighted-average discount rate 6.25  %
Information related to the Company's financed lease liabilities are as follows:

December 31, 2020
Cash paid for finance lease liabilities $ 589,504 
Weighted-average remaining lease term 2.3 years
Weighted-average discount rate 6.25  %
Schedule of Operating Lease Maturity
Minimum future lease payments ended December 31, 2020
2021 249,417 
2022 246,527 
2023 163,965 
659,909 
Less imputed interest (53,336)
Total lease liabilities $ 606,573 
Schedule of Finance Lease Liability
Minimum future lease payments ended December 31, 2020
2021 260,970 
2022 66,691 
2023 31,366 
359,027 
Less imputed interest (18,808)
Total lease liabilities $ 340,219