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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2020
Commitments and Contingencies  
Lease cost

 

 

 Year ended

 

 

 Year ended

 

Lease cost

 

December 31, 2020

 

 

December 31, 2019

 

Operating leases

 

$245,188

 

 

$165,368

 

Short-term leases

 

 

-

 

 

 

-

 

Total lease cost (1)

 

$245,188

 

 

$165,368

 

 

 

 

 

 

 

 

 

 

Other information on operating leases

 

 

 

 

 

 

 

 

Cash payments included in the measurement of lease

 

 

 

 

 

 

 

 

liability reported in operating cash flows

 

$255,626

 

 

$169,861

 

Discount rate

 

 

5.50%

 

 

5.50%

Remaining lease term in years

 

4.94 years

 

 

5.88 years

 

Schedule of lease liability maturities

For the Year

 

 

Ending

 

 

December 31,

 

Total

 

2021

 

 

264,571

 

2022

 

 

273,831

 

2023

 

 

283,415

 

2024

 

 

140,739

 

2025

 

 

94,799

 

Thereafter

 

 

98,117

 

Total undiscounted lease payments

 

 

1,155,472

 

Less: present value adjustment

 

 

187,003

 

Operating lease liability

 

$968,469