Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.21.1
COMMITMENTS AND CONTINGENCIES (Tables)
3 Months Ended
Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF COMPONENTS OF LEASE EXPENSE

The components of lease expense for the three months ended March 31, 2021 were as follows:

 

      2021  
Operating lease cost   $ 266,580  
         
Finance lease cost:        
Amortization of right-of-use assets   $

8,171

 
Interest on lease liabilities    

1,504

 
Total finance lease cost   $

9,675

 
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER ALL NON-CANCELABLE OPERATING LEASES

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

 

    Operating
Leases
    Finance
Leases
 

2021

  $ 845,987     $ 28,809  
2022     1,071,079       27,123  
2023     1,035,017       23,201  
2024     963,589       3,229  
2025     936,947       -  
Thereafter     3,468,041       -  
Total lease payments     8,320,660     $ 82,362  
Less: imputed interest     (2,177,632 )     (7,560 )
    $ 6,143,028     $ 74,802