Annual report pursuant to Section 13 and 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.21.1
COMMITMENTS AND CONTINGENCIES (Tables)
 12 Months Ended
Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF COMPONENTS OF LEASE EXPENSE

The components of lease expense for the year ended December 31, 2020 were as follows:

 

Operating lease cost   $ 983,601  
         
Finance lease cost:        
Amortization of right-of-use assets   $ 32,683  
Interest on lease liabilities     7,488  
Total finance lease cost   $ 40,171  
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER ALL NON-CANCELABLE OPERATING LEASES

Future minimum lease payments as of December 31, 2020 under all non-cancelable leases having an initial or remaining term of more than one year were:

 

    Operating
Leases		     Finance
Leases		  
2020   $ 1,008,227     $ 38,412  
2021     949,535       27,123  
2022     910,166       23,201  
2023     835,411       3,229  
2024     805,329       -  
Thereafter     3,457,048       -  
Total lease payments     7,965,716     $ 91,965  
Less: imputed interest     (2,135,425 )     (9,063 )
    $ 5,830,291     $ 82,902