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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) | 6 Months Ended
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Jun. 30, 2022 USD ($)
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Operating lease cost (included in general and admin in company's statement of operations) | $ 343,937
Other information : |
Cash paid for amounts included in the measurement of lease liabilities for the six months ended 6/30/2022 | $ 358,988
Weighted average remaining lease term-operating leases (in years) | 3 years 2 months 1 day
Operating leases |
Average discount rate - operating leases | 5.00%
Long -term right-of-use assets | $ 1,932,561
Total right-of-use assets | 1,932,561
Short-term operating lease liabilities | 601,939
Long-term operating lease liabilities | 1,503,804
Total operating lease liabilities | 2,105,743
Maturities of the Company's lease liabilities are as follows: |
2023 | 694,833
2024 | 738,013
2025 | 781,476
2026 | 71,402
Total lease payments | 2,285,725
Less: Imputed interest/present value discount | (179,982)
Present value of lease liabilities | $ 2,105,743

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