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Operating Lease Liabilities
 3 Months Ended
Mar. 31, 2022
Operating Lease Liabilities [Abstract]  
OPERATING LEASE LIABILITIES

Note 4. OPERATING LEASE LIABILITIES

 

The Company has operating and finance leases for leased office and manufacturing facilities and equipment leases. The Company leases certain machinery and equipment under finance leases and leases its offices and manufacturing facilities under operating leases. The leases have remaining lease terms of one to five years, some of which include options to extend or terminate the leases.

 

   March 31,   December 31, 
   2022   2021 
   (unaudited)     
Weighted Average Remaining Lease Term - in years   4.38    4.53 
Weighted Average discount rate - %   8.93%   8.89%

The aggregate undiscounted cash flows of operating lease payments as of March 31, 2022, with remaining terms greater than one year are as follows:

 

   Amount 
December 31, 2022 (remainder of year)  $758,000 
December 31, 2023   1,038,000 
December 31, 2024   1,066,000 
December 31, 2025   992,000 
December 31, 2026   730,000 
Total future minimum lease payments   4,584,000 
Less: discount   (821,000)
Total operating lease maturities   3,763,000 
Less: current portion of operating lease liabilities   (708,000)
Total long term portion of operating lease maturities  $3,055,000