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LEASES (Tables)
12 Months Ended
Dec. 31, 2021
Leases  
SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITIES

The table below reconciles the undiscounted future minimum lease payments under the above noted operating leases to the total operating lease liabilities recognized on the consolidated balance sheet as of December 31, 2021:

 

      
Fiscal year 2022  $715,969 
Fiscal year 2023   703,897 
Fiscal year 2024   484,580 
Fiscal year 2025   68,850 
Less: imputed interest   (187,262)
Present value of operating lease liabilities  $1,786,034 
SCHEDULE OF OTHER INFORMATION RELATED TO OPERATING LEASE LIABILITIES

Other information related to operating lease liabilities consisted of the following:

   Year Ended December 31, 
   2021   2020 
Cash paid for operating lease liabilities  $392,241   $90,962 
Weighted average remaining lease term in years   3.75    4.08 
Weighted average discount rate   7.15%   7.0%