Quarterly report pursuant to Section 13 or 15(d)

Operating Lease Assets (Tables)

v3.21.2
Operating Lease Assets (Tables)
6 Months Ended
Jun. 30, 2021
Operating Lease Assets [Abstract]  
Additional Details Related to Leases on Balance Sheet

Leases

Classification

Balance at
June 30,
2021

Assets

Noncurrent

Operating lease assets

Noncurrent operating lease assets

$

1,296,574

Total lease assets

$

1,296,574

Liabilities

Current

Operating lease liabilities

Operating lease liabilities

$

161,867

Noncurrent

Operating lease liabilities

Noncurrent operating lease liabilities

$

1,305,219

Total lease liabilities

$

1,467,086

Schedule of Minimum Lease Payments Including Weighted-Average Remaining Lease Term and Discount Rates The maturity analysis below summarizes the remaining future undiscounted cash flows for our operating leases, a reconciliation to operating lease liabilities reported on the Condensed Consolidated Balance Sheet, our weighted-average remaining lease term and weighted average discount rate:

 

Year ending December 31,

Amount

2021

$

98,083

2022

318,055

2023

324,220

2024

330,894

2025

337,568

Thereafter

372,976

Total future lease payments

1,781,796

   Less: imputed interest

(314,710)

Total

$

1,467,086

Weighted Average Remaining Lease Term (years)

   Operating leases

5.2

Weighted Average Discount Rate

   Operating leases

6.75%