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v3.21.1

Commitments and Contingencies (Tables) | 12 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Future minimum payments for operating leases | Future minimum lease payments under the operating lease at December 31, 2020 are shown below:
Annual minimum payments: |  | Amount
2021 |  |  | 515,822 |
2022 |  |  | 262,789 |
Total minimum payments |  |  | 778,611 |
Less: Present value factor |  |  | (37,260 | )
Total operating lease liabilities |  |  | 741,351 |
Less: Current portion of operating lease |  |  | (483,254 | )
Long-term portion of operating lease |  | $ | 258,097 |

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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121573735&loc=d3e41502-112717 + Details
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