XML 51 R41.htm IDEA: XBRL DOCUMENT v3.23.1
Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Schedule of Lease costs
Supplemental unaudited consolidated balance sheet information related to leases is as follows:
ClassificationJune 30, 2022
Operating lease assetsRight-of-use operating lease assets$5,195,474 
Finance lease assetsProperty, plant and equipment, net20,827 
Total lease assets$5,216,301 
Operating lease liabilities - currentOperating lease liabilities - current$455,064 
Operating lease liabilities - noncurrentOperating lease liabilities - noncurrent5,053,219 
Finance lease liabilities - currentOther liabilities - current7,022 
Finance lease liabilities - noncurrentOther 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,
Classification2022202120222021
Operating lease expenseSelling, general and administrative $164,076 $33,396 $340,597 $91,827 
Finance lease expense: 
Amortization of finance lease assetsSelling, general and administrative1,451 2,190 7,391 2,190 
Interest on finance lease liabilitiesInterest expense599 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 lease9.5
Finance lease3.8
Weighted-average discount rate:
Operating lease7.8%
Finance lease7.8%
Other Information:
Six Months Ended June 30,Six Months Ended June 30,
20222021
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 LeaseFinance Lease
Maturities of lease liabilities are as follows:June 30, 2022June 30, 2022
2022$127,621 $3,511 
2023792,918 7,022 
2024824,712 7,022 
2025822,352 7,022 
2026847,022 — 
Thereafter4,631,866 1,755 
Total lease payments8,046,491 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 
202367,500 
202467,500 
202528,125 
Total lease payments$202,500 
Schedule of Finance lease, liability, maturity
Operating LeaseFinance Lease
Maturities of lease liabilities are as follows:June 30, 2022June 30, 2022
2022$127,621 $3,511 
2023792,918 7,022 
2024824,712 7,022 
2025822,352 7,022 
2026847,022 — 
Thereafter4,631,866 1,755 
Total lease payments8,046,491 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,
Classification2022202120222021
Sublease lease incomeOther, net$20,125 $— $20,125 $—