Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.22.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 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:

 

    March 31, 2022     December 31, 2021  
Weighted Average Remaining Lease Term In Years                
Operating leases     2.21       2.45  
                 
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   $ 163,244  
2023     169,656  
2024     146,718  
Total   $ 479,618  
Less: Imputed interest     (33,155 )
Present value of lease liabilities   $ 446,463  
Schedule of Cost Component of Operating Leases

The cost component of operating leases is as follows:

 

   

For the Three Months

Ended March 31, 2022

   

For the Three Months

Ended March 31, 2021

 
Operating lease cost   $ 57,129     $ 56,964  
Short-term lease cost     1,634       611  
Total lease cost   $ 58,763     $ 57,575  
Schedule of Supplemental Cash Flow Information Related to Operating Leases

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

 

   

For the Three Months

Ended March 31, 2022

   

For the Three Months

Ended March 31, 2021

 
Cash paid for amounts included in the measurement of lease liabilities:                
Operating cash flows from operating leases   $ 58,535     $ 56,554