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Leases (Tables)
 3 Months Ended
Mar. 31, 2022
Leases  
Schedule of Lease Expense

For the three months ended March 31, 2022, components of lease expense are summarized as follows:

 

   Three Months Ended March 31, 2022 
Operating lease costs  $86,588 
Short-term lease costs   76,080 
Total lease costs  $162,668 
Schedule of Maturities on Company Lease Liabilities

As of March 31, 2022, the maturities of the Company’s lease liabilities are as follows:

 

  

Year Ending

December 31,

 
2022 (remainder)  $221,350 
2023   303,059 
2024   50,774 
2025   - 
2026   - 
Thereafter   - 
Total lease payments   575,183 
Less: imputed interest   16,212 
Present value of operating lease liabilities   558,971 
Less: current portion   283,299 
Long-term portion  $275,672 
Schedule of Other Information Related to Operating Lease

Other information related to operating leases was as follows:

 

   Three Months Ended March 31, 2022 
Cash paid for operating leases included in operating cash flows  $154,882 
Remaining lease term of operating leases   2 years 
Discount rate of operating leases   3.1%
Schedule of Future Minimum Lease Payments

As previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2021, future lease payments under ASC 840 for operating leases were as follows:

 

Year Ending December 31,    
2022  $293,595 
2023   303,059 
2024   50,774 
Total lease payments  $647,428