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Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases  
Summary of quantitative information regarding the Company’s leases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

Lease Cost

    

2020

    

2019

Operating lease cost

 

$

226,275

 

$

161,856

Other Information

 

 

 

 

 

 

Operating cash flows paid for amounts included in the measurement of lease liabilities

 

$

251,636

 

$

174,846

Operating lease liabilities arising from obtaining right‑of‑use assets

 

$

 —

 

$

355,330

Weighted average remaining lease term (years)

 

 

1.00 - 1.50

 

 

2.0 - 2.5

Weighted average discount rate

 

 

3.0 - 4.3%

 

 

3.0 - 4.3%

 

Schedule of future lease payments under noncancellable leases

Future lease payments under noncancelable leases are as follows at December 31, 2020:

 

 

 

 

 

    

Operating

Future Lease Payments

 

Leases

2021

 

$

270,816

2022

 

 

72,296

Total Lease Payments

 

$

343,112

Less: Imputed Interest

 

 

(7,956)

Total Lease Liabilities

 

$

335,156