Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Schedule of office spaces and an equipment lease
    As of and
for the Three
Months
Ended
March 31,
2022		  
       
Operating Lease Expense   $ 248,391  
         
Additional Lease information:        
Weighted average remaining lease term-operating leases (in years)     1.60  
Weighted average discount rate-operating leases     7 %
         
Future minimum lease payments under non-cancellable leases as of March 31, 2022, were as follows:        
         
April 1, 2022 to March 31, 2023   $ 710,952  
April 1, 2023 to March 31, 2024     441,534  
Thereafter    
-
  
Total future minimum lease payments   $ 1,152,486  
Less portion representing interest     78,096  
Present value of lease obligations   $ 1,074,390  
Less current portion of lease obligations     680,173  
Long term portion of lease obligations   $ 394,217