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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) - USD ($) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2021 | Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |  |
Operating lease cost (included in general and admin in company's statement of operations) | $ 230,770 | $ 217,821
Other information : |  |
Cash paid for amounts included in the measurement of lease liabilities for the six months ended 6/30/2020 | $ 351,456 | $ 0
Weighted average remaining lease term-operating leases (in years) | 4 years 2 months 1 day | 4 years 8 months 1 day
Operating leases |  |
Average discount rate - operating leases | 5.00% | 5.00%
Long -term right-of-use assets | $ 2,574,212 | $ 2,813,186
Total right-of-use assets | 2,574,212 | 2,813,186
Short-term operating lease liabilities | 612,537 | 569,865
Long-term operating lease liabilities | 2,187,361 | 2,471,598
Total operating lease liabilities | 2,799,898 | 3,041,463
Maturities of the Company's lease liabilities are as follows: |  |
2021 | 365,866 | 709,227
2022 | 698,898 | 690,685
2023 | 741,993 | 733,273
2024 | 787,140 | 777,890
2025 | 519,190 | 513,088
Total lease payments | 3,113,087 | 3,424,163
Less: Imputed interest/present value discount | (313,189) | (382,700)
Present value of lease liabilities | $ 5,912,985 | $ 3,041,463

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