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Leases (Tables) | 6 Months Ended
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Jun. 30, 2022
Leases [Abstract] |
Schedule of Lease costs | Supplemental unaudited consolidated balance sheet information related to leases is as follows:
|  | Classification |  | June 30, 2022
Operating lease assets |  | Right-of-use operating lease assets |  | $ | 5,195,474 |
Finance lease assets |  | Property, plant and equipment, net |  | 20,827 |
Total lease assets |  |  |  | $ | 5,216,301 |
Operating lease liabilities - current |  | Operating lease liabilities - current |  | $ | 455,064 |
Operating lease liabilities - noncurrent |  | Operating lease liabilities - noncurrent |  | 5,053,219 |
Finance lease liabilities - current |  | Other liabilities - current |  | 7,022 |
Finance lease liabilities - noncurrent |  | Other long-term liabilities |  | 15,120 |
Total lease liabilities |  |  |  | $ | 5,530,425 |
The components of lease expense are as follows:
|  |  |  | Three Months Ended June 30, |  | Three Months Ended June 30, |  | Six Months Ended June 30, |  | Six Months Ended June 30,
|  | Classification |  | 2022 |  | 2021 |  | 2022 |  | 2021
Operating lease expense |  | Selling, general and administrative |  | $ | 164,076 |  |  | $ | 33,396 |  |  | $ | 340,597 |  |  | $ | 91,827 |
Finance lease expense: |  |  |  |  |  |  |  |  |  |
Amortization of finance lease assets |  | Selling, general and administrative |  | 1,451 |  |  | 2,190 |  |  | 7,391 |  |  | 2,190 |
Interest on finance lease liabilities |  | Interest expense |  | 599 |  |  | 510 |  |  | 1,238 |  |  | 510 |
Total lease expense |  |  |  | $ | 166,126 |  |  | $ | 36,096 |  |  | $ | 349,226 |  |  | $ | 94,527 |
Lease term and discount rate:
|  | June 30, 2022
Weighted-average remaining lease terms (in years): |  |
Operating lease |  | 9.5
Finance lease |  | 3.8
Weighted-average discount rate: |  |
Operating lease |  | 7.8%
Finance lease |  | 7.8%
Other Information:
|  |  |  | Six Months Ended June 30, |  | Six Months Ended June 30,
|  |  |  | 2022 |  | 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows from operating leases |  |  |  | $ | 80,869 |  |  | $ | 94,818 |
Operating cash flows from finance leases |  |  |  | $ | 1,238 |  |  | $ | 510 |
Financing cash flows from finance leases |  |  |  | $ | 4,425 |  |  | $ | 1,989 |
Leased assets obtained in exchange for new finance lease liabilities |  |  |  | $ | 20,827 |  |  | $ | 29,977 |
Leased assets obtained in exchange for new operating lease liabilities |  |  |  | $ | — |  |  | $ | — |
Schedule of Lessee, operating lease, liability, maturity |
|  | Operating Lease |  | Finance Lease
Maturities of lease liabilities are as follows: |  | June 30, 2022 |  | June 30, 2022
2022 |  | $ | 127,621 |  |  | $ | 3,511 |
2023 |  | 792,918 |  |  | 7,022 |
2024 |  | 824,712 |  |  | 7,022 |
2025 |  | 822,352 |  |  | 7,022 |
2026 |  | 847,022 |  |  | — |
Thereafter |  | 4,631,866 |  |  | 1,755 |
Total lease payments |  | 8,046,491 |  |  | 26,332 |
Less: interest |  | (2,538,208) |  |  | (4,190) |
Total lease obligations |  | $ | 5,508,283 |  |  | $ | 22,142 |
The following is a maturity analysis of the annual undiscounted cash flows under new lease as of June 30, 2022:
2022 |  | $ | 39,375 |
2023 |  | 67,500 |
2024 |  | 67,500 |
2025 |  | 28,125 |
Total lease payments |  | $ | 202,500 |
Schedule of Finance lease, liability, maturity |
|  | Operating Lease |  | Finance Lease
Maturities of lease liabilities are as follows: |  | June 30, 2022 |  | June 30, 2022
2022 |  | $ | 127,621 |  |  | $ | 3,511 |
2023 |  | 792,918 |  |  | 7,022 |
2024 |  | 824,712 |  |  | 7,022 |
2025 |  | 822,352 |  |  | 7,022 |
2026 |  | 847,022 |  |  | — |
Thereafter |  | 4,631,866 |  |  | 1,755 |
Total lease payments |  | 8,046,491 |  |  | 26,332 |
Less: interest |  | (2,538,208) |  |  | (4,190) |
Total lease obligations |  | $ | 5,508,283 |  |  | $ | 22,142 |
Schedule of Sublease Income | Sublease income are as follows:
|  |  |  | Three Months Ended June 30, |  | Three Months Ended June 30, |  | Six Months Ended June 30, |  | Six Months Ended June 30,
|  | Classification |  | 2022 |  | 2021 |  | 2022 |  | 2021
Sublease lease income |  | Other, net |  | $ | 20,125 |  |  | $ | — |  |  | $ | 20,125 |  |  | $ | — |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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