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LEASES (Tables)
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Schedule of Lease Balances Recorded in Balance Sheet
The Company has the following lease balances recorded on the condensed consolidated balance sheets as follows:

Lease Assets and LiabilitiesClassificationMarch 31, 2023December 31, 2022
Finance lease right-of-use assetAssets held for sale$15,709,039 $15,709,039 
Finance lease right-of-use assetFinance lease - right to use asset, net2,900,965 2,911,458 
Operating lease right-of-use assetOther current assets40,774 42,061 
Total right of use assets$18,650,778 $18,662,558 
Operating lease liability - currentAccrued expenses and other liabilities$5,431 $5,211 
Operating lease liability - long-termOther liabilities38,735 40,193 
Finance lease liabilityLiabilities - held for sale11,899,360 12,021,566 
Finance lease liability, current portionFinance lease - Right of use lease liability389,294 409,143 
Finance lease liabilityFinance lease - Right of use lease liability, long term portion417,750 406,968 
Total lease liabilities$12,750,570 $12,883,081 
Schedule of Supplemental Cash Flow Information Related to Operating Leases
The Company has the following lease costs recorded in the condensed consolidated statements of operations as follows:

Three months ended
March 31, 2023March 31, 2022
Finance lease cost:
Amortization of right-of-use assets$10,493 $125,275 
Interest on lease liabilities195,712 195,611 
Operating lease cost2,525 2,525 
Total lease cost$208,730 $323,411 
Other information
Operating cash flows from operating leases$2,475 $9,350 
Financing cash flows from finance leases$— $8,389 

The Company has the following weighted average remaining lease terms and discount rates for our finance and operating leases:

March 31, 2023March 31, 2022
Weighted-average remaining lease term - finance leases1.080.50
Weighted-average remaining lease term - operating leases5.516.50
Weighted-average discount rate - finance leases6.0 %6.0 %
Weighted-average discount rate - operating leases11.0 %11.0 %
Schedule of Assets and Liabilities Held for Sale
Assets held for sale at March 31, 2023 and December 31, 2022 include:

March 31, 2023December 31, 2022
Right of use lease asset, net of amortization$15,709,039 $15,709,039 
Lease intangible, net of amortization3,501,939 3,501,939 
Deposits1,250,000 1,250,000 
Property, plant and equipment— 710,563 
Construction in progress— 513,324 
Total assets held for sale$20,460,978 $21,684,865 

Liabilities held for sale at March 31, 2023 and December 31, 2022 include:

March 31, 2023December 31, 2022
Deferred unrealized gain on sale$10,041,544 $— 
Right of use lease liability11,899,360 12,021,566 
Total liabilities held for sale$21,940,904 $12,021,566 
Schedule of Maturities of Lease Liabilities Minimum lease payments to be paid by the Company by fiscal year for the Company's operating and finance leases are as follows:
Operating LeasesFinance Leases
For the remainder of 2023$7,425 $426,105 
202410,250 417,750 
202510,550 — 
202610,850 — 
202711,150 — 
Thereafter9,550 — 
Total lease payments59,775 843,855 
Less: imputed interest at 11%
(15,609)(36,811)
Present value of lease liabilities$44,166 $807,044 
Schedule of Lease Income
Minimum lease payments for operating leases to be received from others are as follows:

For the remainder of 2023$68,175 
202494,725 
202596,000 
202696,000 
202796,000 
Thereafter192,000 
Total Minimum Lease Income$642,900