Quarterly report pursuant to Section 13 or 15(d)

Operating Lease Assets (Tables)

v3.21.1
Operating Lease Assets (Tables)
3 Months Ended
Mar. 31, 2021
Operating Lease Assets [Abstract]  
Additional Details Related to Leases on Balance Sheet



 

 

 

 



 

 

 

 



 

 

 

 

Leases

Classification

 

Balance at

March 31,

2021

Assets

 

 

 

 

Current

 

 

 

 

     Operating lease assets

Operating lease assets

 

$

218,161 

Noncurrent

 

 

 

 

     Operating lease assets

Noncurrent operating lease assets

 

$

1,132,317 

Total lease assets

 

 

$

1,350,478 



 

 

 

 

Liabilities

 

 

 

 

Current

 

 

 

 

     Operating lease liabilities

    Operating lease liabilities

 

$

125,670 

Noncurrent

 

 

 

 

     Operating lease liabilities

Noncurrent operating lease liabilities

 

$

1,365,431 

Total lease liabilities

 

 

$

1,491,101 



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

 

$

147,125 

2022

 

 

318,055 

2023

 

 

324,221 

2024

 

 

330,894 

2025

 

 

337,568 

Thereafter

 

 

372,974 

   Total future lease payments

 

 

1,830,837 

   Less: imputed interest

 

 

(339,736)

Total

 

$

1,491,101 







 

 



 

 

Weighted Average Remaining Lease Term (years)

 

 

   Operating leases

 

5.6 



 

 

Weighted Average Discount Rate

 

 

   Operating leases

 

6.75%