| Summary of right-of-use asset |
| Summary of right-of-use asset | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| | |
December 31, 2021 | |
| | |
Kokomo Lease | | |
Valparaiso Lease | | |
Merrill Lease | | |
Tuscaloosa Lease | | |
Birmingham Lease | | |
Tuscaloosa Additional Lease | | |
Total | |
| Office lease | |
$ | 375,483 | | |
$ | 374,360 | | |
$ | 701,404 | | |
$ | 222,087 | | |
$ | 284,745 | | |
$ | 77,119 | | |
$ | 2,035,198 | |
| Less: accumulated amortization | |
| (77,434 | ) | |
| (129,853 | ) | |
| (94,697 | ) | |
| (52,766 | ) | |
| (30,289 | ) | |
| (996 | ) | |
| (386,035 | ) |
| Right-of-use asset, net | |
$ | 298,049 | | |
$ | 244,507 | | |
$ | 606,707 | | |
$ | 169,321 | | |
$ | 254,456 | | |
$ | 76,123 | | |
$ | 1,649,163 | |
|
| Summary of operating lease liability |
| Summary of operating lease liability | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| | |
December 31, 2021 | |
| | |
Kokomo Lease | | |
Valparaiso Lease | | |
Merrill Lease | | |
Tuscaloosa Lease | | |
Birmingham Lease | | |
Tuscaloosa Additional Lease | | |
Total | |
| Office lease | |
$ | 307,187 | | |
$ | 244,508 | | |
$ | 673,147 | | |
$ | 169,321 | | |
$ | 254,456 | | |
$ | 76,123 | | |
$ | 1,724,742 | |
| Less: current portion | |
| (66,008 | ) | |
| (116,171 | ) | |
| (123,746 | ) | |
| (58,292 | ) | |
| (49,377 | ) | |
| (12,618 | ) | |
| (426,212 | ) |
| Long term portion | |
$ | 241,179 | | |
$ | 128,336 | | |
$ | 549,402 | | |
$ | 111,029 | | |
$ | 205,079 | | |
$ | 63,505 | | |
$ | 1,298,530 | |
|
| Schedule of maturity of the lease liability |
| Schedule of maturity of the lease liability | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| | |
December 31, 2021 | |
| | |
Kokomo Lease | | |
Valparaiso Lease | | |
Merrill Lease | | |
Tuscaloosa Lease | | |
Birmingham Lease | | |
Tuscaloosa Additional Lease | | |
Total | |
| Fiscal year ending March 31, 2022 | |
$ | 22,969 | | |
$ | 33,569 | | |
$ | 33,575 | | |
$ | 18,000 | | |
$ | 18,000 | | |
$ | 4,875 | | |
$ | 130,988 | |
| Fiscal year ending March 31, 2023 | |
| 94,172 | | |
| 134,274 | | |
| 201,450 | | |
| 72,000 | | |
| 72,000 | | |
| 19,500 | | |
| 593,396 | |
| Fiscal year ending March 31, 2024 | |
| 98,880 | | |
| 100,706 | | |
| 201,450 | | |
| 72,000 | | |
| 72,000 | | |
| 19,500 | | |
| 564,536 | |
| Fiscal year ending March 31, 2025 | |
| 101,292 | | |
| – | | |
| 201,450 | | |
| 30,000 | | |
| 72,000 | | |
| 19,500 | | |
| 424,242 | |
| Fiscal year ending March 31, 2026 | |
| 50,646 | | |
| – | | |
| 184,661 | | |
| – | | |
| 72,000 | | |
| 19,500 | | |
| 326,807 | |
| Fiscal year ending March 31, 2027 | |
| – | | |
| – | | |
| – | | |
| – | | |
| 6,000 | | |
| 13,000 | | |
| 19,000 | |
| Present value discount | |
| (60,772 | ) | |
| (24,041 | ) | |
| (149,439 | ) | |
| (22,679 | ) | |
| (57,544 | ) | |
| (19,752 | ) | |
| (334,227 | ) |
| Lease liability | |
$ | 307,187 | | |
$ | 244,508 | | |
$ | 673,147 | | |
$ | 169,321 | | |
$ | 254,456 | | |
$ | 76,123 | | |
$ | 1,724,742 | |
|