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v3.22.1

Leases (Tables) | 12 Months Ended
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Dec. 31, 2021
Leases |
Schedule of Lease Cost | The Company’s operating and finance right-of-use assets and lease liabilities are as follows: Schedule of Lease Cost
|  | As of December 31, 2021 |  |  | As of December 31, 2020 |
Operating lease right-of-use asset |  | $ | 565,877 |  |  | $ | 343,950 |
Operating lease liability, current |  | $ | 100,139 |  |  | $ | 266,105 |
Operating lease liability, long-term |  | $ | 486,226 |  |  | $ | 169,119 |
Remaining lease term |  |  | 5.1 years |  |  |  | 1.7 years |
Discount rate |  |  | 3.63 | % |  |  | 5.00 | %
Cash paid during the year for amounts included in the measurement of lease liabilities is as follows:
|  | For the Year Ended December 31, |
|  | 2021 |  |  | 2020 |
Operating cash outflow from operating lease |  | $ | 257,961 |  |  | $ | 160,934 |
Schedule of Future Annual Minimum Lease Payments | Future annual minimum under non-cancellable operating leases as of December 31, 2021 were as follows: Schedule of Future Annual Minimum Lease Payments
Years ended December 31, |  |  |
2022 |  | $ | 111,204 |
2023 |  |  | 124,897 |
2024 |  |  | 128,643 |
2025 |  |  | 132,503 |
2026 |  |  | 136,473 |
Thereafter |  |  | 11,654 |
Total minimum lease payments |  |  | 645,374 |
Less imputed interest |  |  | (59,009 | )
Present value of minimum lease payments |  | $ | 586,365 |

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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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