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Leases (Tables) | 3 Months Ended
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Mar. 31, 2022
Leases [Abstract] |
Schedule of Lease Costs | The following table illustrates operating and variable lease costs, included in selling, general and administrative expenses within the Company's Consolidated Statements of Operations, for the periods indicated:
| Three months ended March 31,
| 2022 |  | 2021
Operating lease costs | $ | 36,699 |  |  | $ | 34,935 |
Variable lease costs | $ | 3,759 |  |  | $ | 2,920 |
The weighted average remaining lease term and discount rate for the periods indicated below were as follows:
| As of March 31, 2022 |  | As of December 31, 2021 |  | As of March 31, 2021
Weighted average remaining lease term (in years) | 8.69 |  | 8.73 |  | 9.05
Weighted average discount rate | 3.72 | % |  | 3.72 | % |  | 3.82 | %
Supplemental Cash Flow Information The following table presents supplemental information relating to cash flow arising from lease transactions:
| Three months ended March 31,
| 2022 |  | 2021
Operating cash outflows from operating leases | $ | 43,903 |  |  | $ | 45,909 |
Leased assets obtained in exchange for new operating lease liabilities | $ | (892) |  |  | $ | 4,074 |
Schedule of Operating Lease Liability Maturity | The following table presents the future minimum lease payments under the Company's operating lease liabilities as of March 31, 2022:
Fiscal year ending March 31,
2023 | $ | 165,333 |
2024 | 141,401 |
2025 | 119,869 |
2026 | 88,897 |
2027 | 70,360 |
2028 and thereafter | 363,083 |
Total lease payments | $ | 948,943 |
Less: Interest | 145,127 |
Total present value of lease liabilities | $ | 803,816 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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