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LEASES
 6 Months Ended
Jun. 30, 2022
Leases  
LEASES

NOTE 8. LEASES

 

Operating lease expense for the three months ended June 30, 2022 and 2021 was $156,750 and $43,931 respectively. Operating lease expense for the six months ended June 30, 2022 and 2021 was $275,174 and $112,199 respectively. As of June 30, 2022, the weighted average remaining lease term and weighted average discount rate for the operating leases were 4.01 years and 5.76% respectively.

 

Future minimum lease payment under these operating leases consisted of the following:

Year ending December 31, 

Operating Lease

Obligations

 
2022  $303,256 
2023   546,275 
2024   253,908 
2025   144,124 
2026   113,738 
Thereafter   268,202 
Total undiscounted operating lease payments   1,629,503 
Less: Imputed interest   (169,978)
Present value of operating lease liabilities  $1,459,525