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LEASES (Tables)
 3 Months Ended
Mar. 31, 2022
Leases  
Future minimum lease payments under non-cancellable operating leases as of March 31, 2022 were as follows:

Future minimum lease payments under non-cancellable operating leases as of March 31, 2022 were as follows:

 

Twelve months ending March 31,     
2022   $1,942,229 
2023    2,059,080 
2024    2,117,775 
2025    2,176,090 
2026    181,782 
Total undiscounted operating lease payments    8,476,956 
Less imputed interest (between 4.0% - 6.0%)    (842,956)
Present value of operating lease payments   $7,634,000 
The following table sets forth the ROU assets and operating lease liabilities as of March 31, 2022:

The following table sets forth the ROU assets and operating lease liabilities as of March 31, 2022:

 

Assets    
ROU assets-net  $7,360,800 
      
Liabilities     
Current operating lease liabilities  $1,595,988 
Long-term operating lease liabilities   6,038,012 
Total ROU liabilities  $7,634,000