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LEASES
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
LEASES LEASES
The Company has entered into various non-cancelable operating lease agreements for certain of our office spaces and motor vehicles. The leases have original lease periods expiring between 2020 and 2037. The Company does not assume renewals in its determination of the lease term unless the renewals are considered as reasonably assured at lease commencement.

The operating lease cost for the year ended December 31, 2020 was $23,086.

Supplemental cash flow information related to leases was as follows:
Year ended December 31, 2020
Operating cash flows from operating leases$25,225 
New right-of-use assets obtained in exchange for operating lease obligations$9,243 


Maturities of lease liabilities were as follows:

Operating Leases
2021$22,777 
202221,076 
202313,389 
202410,968 
20259,649 
Thereafter72,010 
Total lease payments149,869
Less imputed interest(35,195)
Total$114,674 


Supplemental balance sheet information related to leases was as follows:

Year Ended December 31, 2020
Current maturities of operating leases22,412 
Long-term operating leases92,262 
Total operating lease liabilities$114,674 
Weighted-average remaining operating lease term10.17
Weighted-average discount rate of operating leases5.23 %