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6. LEASES (Tables) (USD $)
12 Months Ended
Dec. 31, 2019
Leases Tables  
Operating lease
Operating leases:

 

December 31,

2019

 

Assets:

 

 

 

  Operating lease right-of-use asset  $674,471 
Liabilities:  
  Current Portion of Long-Term Operating Lease  $71,510 
  Long-Term Operating Lease, Net of Current Portion  $1,034,413 
   $1,105,923 
Lease cost
 

 

For the Year Ended

December 31, 2019

 

 

 

 

 

  Operating lease expense  $157,315 
Other information related to leases
 

 

For the Year Ended

December 31, 2019

 

Weighted-average remaining lease term:

 

 

 

Operating leases

  

  9.25 years

 

 

 

 

 

Discount rate:

 

 

 

Operating leases   7.00%
   
Supplemental cash flow information related to leases
 

 

For the Year Ended

December 31, 2019

 

Cash paid for amounts included in the measurement of lease liabilities:  $65,753 
Maturities of lease payments
Year Ended:

 

  Operating Lease

 

December 31, 2020   146,688 
December 31, 2021   151,088 
December 31, 2022   155,621 
December 31, 2023   160,290 
December 31, 2024   165,098 
Thereafter   745,183 
Total minimum lease payments   1,523,968 
Less: Interest   418,045 
Present value of lease obligations   1,105,923 
Less: Current portion   71,510 
Long-term portion of lease obligations  $1,034,413 
Future minimum lease payments under non-cancellable leases
 Year Ended:

 

Operating Lease

 

 December 31, 2019  $102,000 
 December 31, 2020   147,000 
 December 31, 2021   151,000 
 December 31, 2022   156,000 
 December 31, 2023   160,000 
Thereafter   923,000 
   $1,639,000