Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.1
Leases (Tables)
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Schedule of Information Relating to Leases Information related to the Company's operating lease liabilities are as follows:
For the Three Months Ended March 31,
Cash paid for operating lease liabilities $ 182,807 
Weighted-average remaining lease term 2.4 years
Weighted-average discount rate 6.25  %
Information related to the Company's financed lease liabilities are as follows:
For the Three Months Ended March 31,
Cash paid for finance lease liabilities $ 69,291 
Weighted-average remaining lease term 2.3 years
Weighted-average discount rate 6.25  %
Schedule of Operating Lease Maturity
Minimum future lease payments ended March 31, 2021
2021 285,922 
2022 378,339 
2023 295,778 
2024 10,983 
971,022 
Less imputed interest (127,449)
Total lease liabilities $ 843,573 
Schedule of Finance Lease Liability
Minimum future lease payments ended March 31, 2021
2021 $ 200,518 
2022 72,982 
2023 37,658 
311,158 
Less imputed interest (30,158)
Total lease liabilities $ 281,000