Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.21.2
Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:

    June 30, 2021     December 31, 2020  
Weighted Average Remaining Lease Term In Years                
 Operating leases     2.96       3.46  
                 
Weighted Average Discount Rate                
 Operating leases     5.70 %     5.70 %
Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities are as follows:

Year ended December 31:     Jun. 30, 2021  
2021   $ 105,651  
2022     217,379  
2023     169,656  
2024     146,719  
Total   $ 639,405  
Less: Imputed interest     (55,539 )
Present value of lease liabilities   $ 583,866  
Schedule of Cost Component of Operating Leases

The cost component of operating leases is as follows:

   

For the Six Months

Ended June 30, 2021

    

For The Six Months

Ended June 30, 2020

  
Operating lease cost   $ 114,002     $ 112,162  
Short-term lease cost     782       738  
Total lease cost   $ 114,784     $ 112,900  
Schedule of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases is as follows:

   

For the Six Months

Ended June 30, 2021

    

For The Six Months

Ended June 30, 2020

  
Cash paid for amounts included in the measurement of lease liabilities:            
Operating cash flows from operating leases   $ 113,454     $ 112,846