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COMMITMENTS AND CONTINGENCIES | 12 Months Ended
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Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract] |
COMMITMENTS AND CONTINGENCIES | NOTE 14 – COMMITMENTS AND CONTINGENCIES Operating Leases We lease space under operating leases for manufacturing and laboratory facilities and administrative offices in Cleveland, Ohio, as well as administrative offices in New York, New York. We also lease certain office equipment under operating leases, which have a non-cancelable lease term of less than one year and, therefore, we have elected the practical expedient to exclude these short-term leases from our right-of-use assets and lease liabilities. Components of lease cost under ASC 842 for the years ended December 31, 2021 and 2020 are as follows: SCHEDULE OF COMPONENTS OF LEASE COST
|  | 2021 |  |  | 2020 |
|  | For the years ended December 31, |
|  | 2021 |  |  | 2020 |
Operating lease cost |  | $ | 1,761,000 |  |  | $ | 1,736,000 |
Variable lease cost |  | $ | 445,000 |  |  | $ | 337,000 |
Short-term lease cost |  | $ | 183,000 |  |  | $ | 61,000 |
The following table presents information about the amount and timing of cash flows arising from operating leases under ASC 842 as of December 31, 2021: SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO LEASES
Maturity of lease liabilities: |  |  |  |
2022 |  | $ | 1,818,000 |
2023 |  |  | 1,834,000 |
2024 |  |  | 1,879,000 |
2025 |  |  | 1,896,000 |
2026 |  |  | 871,000 |
Thereafter |  |  | 3,663,000 |
Total undiscounted operating lease payments |  |  | 11,961,000 |
Less: imputed interest |  |  | 2,583,000 |
Present value of operating lease liabilities |  | $ | 9,378,000 |
Balance sheet classification: |  |  |  |
Current portion of lease liability |  | $ | 1,818,000 |
Long-term lease liability |  |  | 7,560,000 |
Total operating lease liabilities |  | $ | 9,378,000 |
Other information: |  |  |  |
Weighted-average remaining lease term for operating leases |  |  | 86 months |
Weighted-average discount rate for operating leases |  |  | 7.4 | %

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