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Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Schedule of Lease Expense

The components of lease expense, including short term leases, were as follows:

		For the Year Ended				For the Year Ended
		December 31, 2020				December 31, 2019
Operating lease		$	324,728			$	80,760
Interest on lease liabilities			50,062				7,002
Total net lease cost		$	374,790			$	87,762

Schedule of Supplemental Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

		December 31, 2020				December 31, 2019
Operating leases:
Operating lease ROU assets - net		$	368,638			$	210,816
Current operating lease liabilities, included in current liabilities		$	210,556			$	90,944
Noncurrent operating lease liabilities, included in long-term liabilities			155,167				119,872
Total operating lease liabilities		$	365,723			$	210,816

Supplemental cash flow and other information related to leases was as follows:

		For the Year Ended				For the Year Ended
		December 31, 2020				December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	200,296			$	55,608
ROU assets obtained in exchange for lease liabilities:
Operating leases		$	355,203			$	266,424
Weighted average remaining lease term (in years):
Operating leases			1.80				2.12
Weighted average discount rate:
Operating leases			11.4	%			5.5	%

Schedule of Future Minimum Payments

Total future minimum payments required under the lease obligations as of December 31, 2020 are as follows:

Twelve Months Ending December 31,
2020 (remainder of year)		$	240,160
2021			164,041
2022			-
Total lease payments		$	404,201
Less: amounts representing interest			(38,474	)
Total lease obligations		$	365,723

X

- 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.

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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

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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.

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