Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.22.2
Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2022
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, 2022     December 31, 2021  
Weighted Average Remaining Lease Term In Years                
Operating leases     1.95       2.45  
                 
Weighted Average Discount Rate                
Operating leases     5.69 %     5.70 %
Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities are as follows:

 

Year ended December 31:        
2022   $ 108,829  
2023     169,656  
2024     146,718  
Total   $ 425,203  
Less: Imputed interest     (27,026 )
Present value of lease liabilities   $ 398,177  
Schedule of Cost Component of Operating Leases

The cost component of operating leases is as follows:

 

   

For the Six Months

Ended June 30, 2022

    

For the Six Months

Ended June 30, 2021

  
Operating lease cost   $ 114,259     $ 114,002  
Short-term lease cost     1,965       782  
Total lease cost   $ 116,224     $ 114,784  
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, 2022

    

For the Six Months

Ended June 30, 2021

  
Cash paid for amounts included in the measurement of lease liabilities:                
Operating cash flows from operating leases   $ 117,350     $ 113,454