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v3.22.2.2

LEASES (Tables) | 9 Months Ended
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Sep. 30, 2022
Leases [Abstract] |
Schedule of components of lease expense | The components of lease expense were as follows: Schedule of components of lease expense
|  | Three Months Ended |  | Nine Months Ended |
|  | September 30, |  | September 30, |
|  | 2022 |  | 2021 |  | 2022 |  | 2021 |
Operating lease cost |  | $ | 157,076 |  | $ | 37,093 |  | $ | 396,658 |  | $ | 112,383 |
Short-term lease cost |  |  | 18,300 |  |  | 35,960 |  |  | 96,588 |  |  | 104,396 |
Total lease cost |  | $ | 175,376 |  | $ | 73,053 |  | $ | 493,246 |  | $ | 216,779 |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 17,754 |  | $ | 597 |  | $ | 23,672 |  | $ | 2,188 |
Interest on lease liabilities |  |  | 1,381 |  |  | 10 |  |  | 1,381 |  |  | 57 |
Total finance lease cost |  | $ | 19,135 |  | $ | 607 |  | $ | 25,053 |  | $ | 2,245 |
Schedule of cash flow information related to leases | Supplemental cash flow information related to leases was as follows: Schedule of cash flow information related to leases
|  | Nine Months Ended |
|  | September 30, |
|  | 2022 |  | 2021 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 301,150 |  | $ | 105,618 |
Financing cash flows from finance leases |  |  | 26,443 |  |  | 2,232 |
Schedule of balance sheet information related to leases | Supplemental balance sheet information related to leases was as follows: Schedule of balance sheet information related to leases
|  | September 30, 2022 |  | December 31, 2021 |
Operating Leases |  |  |  |  |  |  |
Operating lease right-of-use assets |  | $ | 3,865,370 |  | $ | 95,553 |
Operating lease current liabilities |  |  | 342,399 |  |  | 95,553 |
Operating lease long term liabilities |  |  | 3,741,015 |  |  | — |
Total operating lease liabilities |  | $ | 4,083,414 |  | $ | 95,553 |
Finance Leases |  |  |  |  |  |  |
Property and equipment, at cost |  | $ | 355,071 |  | $ | 12,725 |
Accumulated depreciation |  |  | 23,671 |  |  | (12,725 | )
Property and equipment, net |  | $ | 331,400 |  | $ | — |
Finance lease current liabilities |  |  | 64,467 |  |  | — |
Finance lease long term liabilities |  |  | 265,542 |  |  | — |
Total finance lease liabilities |  | $ | 330,009 |  | $ | — |
|  | September 30, 2022 |  | December 31, 2021 |
Weighted Average Remaining Lease Term |  |  |  |  |
Operating leases |  | 10.1 Years |  | 0.6 Years |
Finance leases |  | 4.9 Years |  | 0 Years |
Weighted Average Discount Rate |  |  |  |  |
Operating leases |  | 4.02% |  | 4.75% |
Finance leases |  | 4.25% |  | 4.75% |
Schedule of maturities of lease liabilities | Maturities of lease liabilities are as follows: Schedule of maturities of lease liabilities
Year Ending December 31, |  | Operating Leases |  | Finance Leases |
2022 (excluding the nine months ended September 30, 2022) |  |  | 124,876 |  |  | 19,832 |
2023 |  |  | 499,503 |  |  | 79,329 |
2024 |  |  | 499,503 |  |  | 79,329 |
2025 |  |  | 499,503 |  |  | 79,329 |
2026 |  |  | 499,503 |  |  | 79,329 |
Thereafter |  |  | 2,830,519 |  |  | 33,052 |
Total undiscounted lease payments |  |  | 4,953,407 |  |  | 370,200 |
Less: imputed interest |  |  | (869,993 | ) |  | (40,191 | )
Total lease liabilities |  | $ | 4,083,414 |  | $ | 330,009 |

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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 https://asc.fasb.org/extlink&oid=128292326&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 https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=124258985&loc=SL77919372-209981 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 6A -URI https://asc.fasb.org/extlink&oid=126900988&loc=SL77927221-108306 + Details
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- Definition Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=123406913&loc=d3e41499-112717 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=124440162&loc=d3e12069-110248 Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=123406913&loc=d3e41502-112717 Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=123389372&loc=d3e36991-112694 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 40 -Subparagraph (Note 3) -URI https://asc.fasb.org/extlink&oid=123403562&loc=d3e38371-112697 + Details
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