Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.21.2
COMMITMENTS AND CONTINGENCIES (Tables)
6 Months Ended
Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF COMPONENTS OF LEASE EXPENSE

The components of lease expense for the three months ended June 30, 2021 were as follows:

 

         
Operating lease cost   $ 543,593  
         
Finance lease cost:        
Amortization of right-of-use assets   $ 16,342  
Interest on lease liabilities     2,855  
Total finance lease cost   $ 19,197  
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER ALL NON-CANCELABLE OPERATING LEASES

Future minimum lease payments as of June 30, 2021 under all non-cancelable leases having an initial or remaining term of more than one year were:

 

    Operating
Leases
    Finance
Leases
 
2021   $ 564,469     $ 19,206  
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     8,039,142     $ 72,759  
Less: imputed interest     (2,058,393 )     (6,208 )
    $ 5,980,749     $ 66,551