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Leases (Tables)
 12 Months Ended
Dec. 31, 2021
Leases  
Schedule of Lease Cost

The Company’s operating and finance right-of-use assets and lease liabilities are as follows:

 

  

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:

 

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