Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)
9 Months Ended
Sep. 30, 2021
Schedule of Components of Lease Expense

The components of lease expense were as follows:


    For the Nine  
    Months Ended  
    September 30,  
Operating lease cost:        
Amortization of assets   $ 34,237  
Interest on lease liabilities     9,457  
Lease payments on short term leases     31,841  
Total lease cost   $ 75,535  
Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:


    September 30,  
Operating leases:        
Operating lease assets   $ 160,792  
Current portion of operating lease liabilities   $ 48,932  
Noncurrent operating lease liabilities     119,140  
Total operating lease liabilities   $ 168,072  
Weighted average remaining lease term:        
Operating leases     3 years  
Weighted average discount rate:        
Operating leases     6.75 %
Schedule of Supplemental Cash Flow Related to Leases

Supplemental cash flow and other information related to leases was as follows:


    For the Nine  
    Months Ended  
    September 30,  
Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash flows used for operating leases   $ 33,453  
Schedule of Operating Lease Liability Maturity

Future minimum annual lease commitments under non-cancelable operating leases are as follows at September 30, 2021:


2021 (for the three months remaining)   $ 14,589  
2022     59,223  
2023     61,000  
2024     52,098  
Total minimum lease payments     186,910  
Less interest     18,838  
Present value of lease liabilities     168,072  
Less current portion     48,932  
Long-term lease liabilities   $ 119,140