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LEASES (Tables)
 6 Months Ended
Jun. 30, 2021
Leases  
Schedule of components of lease costs
                    
   Three months ended   Three months ended 
   June 30, 2021   June 30, 2020 
   Operating   Finance   Operating   Finance 
   Leases   Leases   Leases   Leases 
Lease cost in general and administrative expenses:                    
Operating lease expense  $125,553   $-   $97,873   $- 
Amortization of finance lease ROU assets   -    35,993    -    102,399 
Total lease cost in general and administrative expenses   125,553    35,993    97,873    102,399 
                     
Lease cost in other expense:                    
Interest on finance lease liabilities   -    1,367    -    3,207 
Total lease cost in other expense   -    1,367    -    3,207 
Total lease cost  $125,553   $37,360   $97,873   $105,606 

 

    Six months ended     Six months ended  
    June 30, 2021     June 30, 2020  
    Operating     Finance     Operating     Finance  
    Leases     Leases     Leases     Leases  
Lease cost in general and administrative expenses:                                
Operating lease expense   $ 224,088     $ --     $ 193,255     $        -  
Amortization of finance lease ROU assets     -       71,993       -       237,922  
Total lease cost in general and administrative expenses     224,088       71,993       193,255       237,922  
                                 
Lease cost in other expense:                                
Interest on finance lease liabilities     -       2,968       -       6,742  
Total lease cost in other expense     -       2,968       -       6,742  
Total lease cost   $ 224,088     $ 74,961     $ 193,255     $ 244,664  
Schedule of cash flow information related to leases
          
   Six months ended 
   June 30, 
   2021   2020 
Leasing activity in cash flows from operating activities:          
Payments under operating leases   (229,100)   (193,893)
Interest payments on finance lease liabilities   (2,968)   (6,742)
Total leasing activity in cash flows from operating activities   (232,068)   (200,635)
           
Leasing activity in cash flows from financing activities:          
Principal payments on finance lease liabilities   (49,592)   (222,052)
Total leasing activity in cash flows from financing activities:   (49,592)   (222,052)
Schedule of weighted average remaining lease term and weighted average discount rate
          
   June 30,   December 31, 
   2021   2020 
Weighted average remaining lease term (years) - operating leases   2.3    2.6 
Weighted average remaining lease term (years) - finance leases   0.7    1.1 
Weighted average discount rate - operating leases   6.59%   6.52%
Weighted average discount rate - finance leases   4.07%   3.95%
Schedule of future annual minimum cash payments required under operating lease
               
   Operating   Finance     
Future minimum lease payments  Leases   Leases   Total 
2021  $209,295   $174,332   $383,627 
2022   283,652    74,283    357,935 
2023   257,456    7,184    264,640 
2024   16,624    -    16,624 
Total future minimum lease payments   767,027    255,799    1,022,826 
Less: Amount representing interest   (57,728)   (3,315)   (61,043)
Present value of lease liabilities   709,299    252,484    961,783 
Less: current portion   (318,142)   (191,753)   (509,895)
Long-term portion  $391,157   $60,731   $451,888