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v3.22.2.2

OPERATING LEASE LIABILITIES (Tables) | 9 Months Ended
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Sep. 30, 2022
Operating Lease Liabilities |
SCHEDULE OF LEASE COST OPERATING LEASE | The following table outlines the total lease cost for the Company’s operating leases as well as weighted average information for these leases as of September 30, 2022: SCHEDULE OF LEASE COST OPERATING LEASE
|  | September 30, 2022 |
Lease costs: |  |  |
Cash paid for operating lease liabilities |  | $ | 331,621 |
Right-of-use assets obtained in exchange for new operating lease obligations |  |  | 23,621,267 |
Fixed rent payment |  | $ | 255,314 |
Lease – Depreciation expense |  | $ | 110,263 |
|  | Nine months ended
|  | September 30, 2022
Other information: |  |  |  |
Weighted-average discount rate |  |  | 6.41 | %
Weighted-average remaining lease term (in months) |  |  | 120 |
SCHEDULE OF MINIMUM LEASE OBLIGATION | SCHEDULE OF MINIMUM LEASE OBLIGATION
|  |  | 1 |
Minimum Lease obligation |  |
2022 – Remaining period |  | $ | 66,211 |
2023 |  |  | 885,748 |
2024 |  |  | 1,795,932 |
2025 |  |  | 2,009,927 |
2026 |  |  | 2,240,799 |
Thereafter |  |  | 16,594,129 |
Total |  | $ | 23,592,746 |

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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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