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LEASES (Tables)
 12 Months Ended
Dec. 31, 2021
Leases  
SUMMARY OF RIGHT-OF-USE ASSET AND LEASE LIABILITY

The table below summarizes the right-of-use asset and lease liability for the year ended December 31, 2021:

 

 SUMMARY OF RIGHT-OF-USE ASSET AND LEASE LIABILITY

Right of Use Assets    
Balance at December 31, 2019  $789,205 
Addition   260,661 
Termination   (234,980)
Depreciation   (331,773)
Balance at December 31, 2020  $483,113 
Depreciation   (265,846)
Balance at December 31, 2021  $217,267 
      
Lease Liability     
Balance at December 31, 2019  $789,205 
Addition   260,661 
Termination   (234,980)
Lease interest expense   53,768 
Payments   (385,541)
Balance at December 31, 2020  $483,113 
Lease interest expense   22,057 
Payments   (287,903)
Balance at December 31, 2021  $217,267 
      
Short-term portion  $77,715 
Long-term portion   139,552 
Total  $217,267 
SCHEDULE OF UNDISCOUNTED RENT PAYMENTS

Undiscounted rent payments are as follows:

 

 SCHEDULE OF UNDISCOUNTED RENT PAYMENTS

2022   78,240 
2022   78,240 
2023   77,100 
2024   70,440 
2025   71,940 
Total  $297,720 
Impact of discounting   (80,453)
Lease liability, December 31, 2021  $217,267