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LEASES (Tables)
12 Months Ended
Dec. 31, 2021
Leases  
Future minimum lease payments under non-cancellable operating leases as of December 31, 2021 were as follows:

Future minimum lease payments under non-cancellable operating leases as of December 31, 2021 were as follows:

 

Year ending December 31,     
      
2022   $1,946,746 
2023    2,028,443 
2024    2,105,636 
2025    2,160,206 
2026    727,128 
Total undiscounted operating lease payments    8,968,159 
Less imputed interest    (941,978)
Present value of operating lease payments   $8,026,181 
The following table sets forth the ROU assets and operating lease liabilities as of December 31, 2021 and 2020:

The following table sets forth the ROU assets and operating lease liabilities as of December 31, 2021 and 2020:

 

   2021   2020 
Assets        
ROU Assets-Net  $7,796,768   $4,075,048 
           
Liabilities          
Current operating lease liabilities  $1,580,453   $1,819,237 
Long-term operating lease liabilities   6,445,728    2,537,149 
Total ROU liabilities  $8,026,181   $4,356,386