XML 29 R19.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Lease Obligations | 6 Months Ended
--- | ---
Jun. 30, 2022
Lease Obligation [Abstract] |
LEASE OBLIGATIONS |
| M. | LEASE OBLIGATIONS:
The following is a summary of the Company’s right of use assets and lease liabilities:
|  | June 30, |  |  | December 31, |
Operating Leases |  | 2022 |  |  | 2021 |
Right-Of-Use Assets |  | $ | 942,728 |  |  | $ | 1,094,778 |
Lease Liability: |  |  |  |  |  |  |  |
Right-Of-Use Asset - Office Leases - Current |  |  | 319,532 |  |  |  | 310,095 |
Right-Of-Use Asset - Office Leases - Non-Current |  |  | 623,196 |  |  |  | 784,683 |
|  | $ | 942,728 |  |  | $ | 1,094,778 |
Rent expense for the six months ended June 30, 2022 and 2021 totaled $218,591 and $189,695, respectively. The following is a schedule by years of future minimum lease payments for the twelve months ended June 30,:
2023 |  | $ | 347,444 |
2024 |  |  | 330,805 |
2025 |  |  | 264,153 |
2026 |  |  | - |
2027 |  |  | - |
|  | $ | 942,402 |
As of June 30, 2022, the Company’s operating leases had a weighted average remaining lease term of 2.5 years and a weighted average discount rate of 2%.

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OperatingLeasesLeaseIncomeAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration