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Leases
 6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Leases Leases
We have entered into operating and finance leases primarily for real estate and equipment rental. These leases have terms which range from two years to four years, and often include one or more options to renew or in the case of equipment rental, to purchase the equipment. These operating and finance leases are listed as separate line items on our consolidated balance sheets and represent our right to use the underlying asset for the lease term. Our obligations to make lease payments are also listed as separate line items on our consolidated balance sheets. As of June 30, 2021 and December 31, 2020, total operating and financed right-of-use assets were $803,261 and $252,864, and $606,573 and $395,910, respectively.
As of June 30, 2021 and 2020, we recorded $153,978 and $215,874, respectively, in amortization expense related to finance leases.

Because the rate implicit in each lease is not readily determinable, we use the incremental borrowing rate to determine the present value of the lease payments.
Information related to our operating lease liabilities are as follows:
For the Six Months Ended June 30,
Cash paid for operating lease liabilities$292,223 
Weighted-average remaining lease term3.53
Weighted-average discount rate6.25 %
Minimum future lease payments ended June 30, 2021
2021191,686 
2022380,482 
2023297,921 
202413,128 
20252,143 
20261,072 
886,432 
Less imputed interest(83,172)
Total lease liabilities$803,260 


Information related to our financed lease liabilities are as follows:
For the Six Months Ended June 30,
Cash paid for finance lease liabilities$135,815 
Weighted-average remaining lease term2.48
Weighted-average discount rate6.25 %
Minimum future lease payments ended June 30, 2021
2021$134,704 
202277,276 
202341,952 
20243,856 
257,788 
Less imputed interest(24,207)
Total lease liabilities$233,581 
Leases Leases
We have entered into operating and finance leases primarily for real estate and equipment rental. These leases have terms which range from two years to four years, and often include one or more options to renew or in the case of equipment rental, to purchase the equipment. These operating and finance leases are listed as separate line items on our consolidated balance sheets and represent our right to use the underlying asset for the lease term. Our obligations to make lease payments are also listed as separate line items on our consolidated balance sheets. As of June 30, 2021 and December 31, 2020, total operating and financed right-of-use assets were $803,261 and $252,864, and $606,573 and $395,910, respectively.
As of June 30, 2021 and 2020, we recorded $153,978 and $215,874, respectively, in amortization expense related to finance leases.

Because the rate implicit in each lease is not readily determinable, we use the incremental borrowing rate to determine the present value of the lease payments.
Information related to our operating lease liabilities are as follows:
For the Six Months Ended June 30,
Cash paid for operating lease liabilities$292,223 
Weighted-average remaining lease term3.53
Weighted-average discount rate6.25 %
Minimum future lease payments ended June 30, 2021
2021191,686 
2022380,482 
2023297,921 
202413,128 
20252,143 
20261,072 
886,432 
Less imputed interest(83,172)
Total lease liabilities$803,260 


Information related to our financed lease liabilities are as follows:
For the Six Months Ended June 30,
Cash paid for finance lease liabilities$135,815 
Weighted-average remaining lease term2.48
Weighted-average discount rate6.25 %
Minimum future lease payments ended June 30, 2021
2021$134,704 
202277,276 
202341,952 
20243,856 
257,788 
Less imputed interest(24,207)
Total lease liabilities$233,581