Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.22.2
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Supplemental Balance Sheet Information Related to Leases

 

   

For the Twelve Months

Ended December 31, 2021

   

For the Twelve Months

Ended December 31, 2020

 
Weighted Average Remaining Lease Term In Years                
Operating leases     2.45       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:      
2022     217,379  
2023     169,657  
2024     146,718  
Total   $ 533,754  
Less: Imputed interest     (39,964 )
Present value of lease liabilities   $ 493,790  
Schedule of Cost Component of Operating Leases

The cost component of operating leases is as follows:

 

   

For the Twelve Months

Ended December 31, 2021

   

For the Twelve Months

Ended December 31, 2020

 
Operating lease cost   $ 228,231     $ 226,090  
Short-term lease cost     1,036       2,149  
Total lease cost   $ 229,267     $ 228,239  
Schedule of Supplemental Cash Flow Information Related to Operating Leases

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

 

   

For the Twelve Months

Ended December 31, 2021

   

For the Twelve Months

Ended December 31, 2020

 
Cash paid for amounts included in the measurement of lease liabilities:                
Operating cash flows from operating leases   $ (227,753 )   $ (255,681 )