Annual report pursuant to Section 13 and 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

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COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF COMPONENTS OF LEASE EXPENSE

The components of lease expense for the year ended December 31, 2021 were as follows:

 

      2021  
Operating lease cost   $ 1,097,620  
         
Finance lease cost:        
Amortization of right-of-use assets   $ 32,683  
Interest on lease liabilities     5,088  
Total finance lease cost   $ 37,771  
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER ALL NON-CANCELABLE OPERATING LEASES

Future minimum lease payments as of December 31, 2021 under all non-cancelable leases having an initial or remaining term of more than one year were:

 

   

Operating

Leases

   

Finance

Leases

 
2021   $ 1,132,909     $ 27,123  
2022     1,119,003       23,201  
2023     1,049,635       3,229  
2024     1,025,054       -  
2025     969,584       -  
Thereafter     2,611,297       -  
Total lease payments     7,907,482     $ 53,553  
Less: imputed interest     (2,262,546 )     (3,975 )
    $ 5,644,936     $ 49,578