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Note 15 - Leases

6 Months Ended

Jun. 30, 2021

15.

LEASES

The Company leases office space in New Jersey, Hong Kong, Minnesota, and New Hampshire with lease termination dates of 2023, 2020, 2022, and 2022, respectively. The leases include non-lease components with variable payments. The following tables present the components of lease expense and supplemental balance sheet information related to the operating leases, for the three and six months ended as of:

	3 Months ended June 30,		6 Months ended June 30,
	2021		2021

Lease cost
Operating lease cost	$	63,973	$	127,946
Total lease cost	$	63,973	$	127,946

*Balance sheet information*
Operating ROU assets			$	372,303

Operating lease liabilities, current portion			$	221,399
Operating lease liabilities, non-current portion				162,373
Total operating lease liabilities			$	383,772

Weighted average remaining lease term (in years) – operating leases				1.83
Weighted average discount rate – operating leases				5.50	%

Supplemental cash flow information related to leases were as follows, for the six months ended June 30, 2021:

Cash paid for amounts included in the measurement of operating lease liabilities

119,225

Maturities of operating lease liabilities were as follows:

2021 (remaining six months)	$	129,352
2022		187,594
2023		89,226
Total future lease payments	$	406,172
Less: imputed interest		(22,400	)
Total	$	383,772