COMMITMENTS, CONTINGENCIES, AND CONCENTRATIONS (Tables)

9 Months Ended

Sep. 30, 2021

COMMITMENTS, CONTINGENCIES, AND CONCENTRATIONS [Abstract]

Customer and Purchase Concentration Risks

The following table discloses product sales the Company had to each customer that purchased in excess of 10% of the Company’s net product sales for the periods indicated:

	For the three months ended										For the nine months ended										Accounts Receivable as of
	September 30, 2021					September 30, 2020					September 30, 2021					September 30, 2020					September 30, 2021		December. 31, 2020
	Sales		% of Sales			Sales		% of Sales			Sales		% of Sales			Sales		% of Sales
Customer 1	$	5,434,186		58.0	%	$	4,226,040		50.3	%	$	5,724,171		33.04	%	$	6,523,416		36.4	%	$	3,183,367	$	1,622,866
Customer 2		1,196,217		12.8	%		*		*			2,347,832		13.55	%		*		*			1,264,639		*
Customer 3		*		*			1,071,513		12.7	%		*		*			*		*			*		*
Customer 4		*		*			963,671		11.5	%		*		*			*		*			17,510		*

The following table discloses product purchases the Company had to each vendor in excess of 10% of the Company’s net purchases for the periods indicated:

	For the three months ended										For the nine months ended										Accounts Payable as of
	September 30, 2021					September 30, 2020					September 30, 2021					September 30, 2020					September 30, 2021		December 31, 2020
	Purchases		% of Purchases			Purchases		% of Purchases			Purchases		% of Purchases			Purchases		% of Purchases
Vendor 1	$	1,678,250		34.4	%	$	*		*		$	2,339,182.00		18.8	%	$	*		*		$	1,651,866	$	*
Vendor 2		*		*			501,562		15.4	%		*		*			1,600,916		12.3	%		*		178,395

Future Minimum Salary Commitment

The Company has multi-year contracts with two key employees. The contracts call for salaries presently aggregating $843,292 per year. The contracts expire in December 2021 and December 2022. The following table is a schedule of future minimum salary commitments:

2021	$	210,823
2022		460,000

Components of Lease Expense

The components of lease expense were as follows:

	Three months ended September 30,				Nine months ended September 30,
	2021		2020		2021		2020
Operating lease expense	$	398,089	$	405,989	$	1,208,885	$	1,258,797
Finance lease cost
Amortization of right-of-use assets	$	17,038	$	15,571	$	49,834	$	42,657
Interest on lease liabilities		5,047		5,395		15,358		14,762
Total finance lease expense	$	22,085	$	20,966	$	65,192	$	57,419

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

	Three months ended September 30,				Nine months ended September 30,
	2021		2020		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	353,009	$	340,205	$	1,049,198	$	797,482
Operating cash flows for finance leases		5,047		5,395		15,358		14,762
Financing cash flows for finance leases		15,859		13,587		45,680		37,166
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	-	$	-	$	616,100	$	-
Finance leases		-		5,486		25,609		73,600

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

	September 30, 2021			September 30, 2020
Finance Leases
Finance lease right-of-use asset	$	340,762		$	315,153
Accumulated depreciation		(131,854	)		(66,261	)
Finance lease right-of-use asset, net	$	208,908		$	248,892
Weighted-Average Remaining Lease Term
Operating leases	7.7 Years			9.1 Years
Finance leases	3.1 Years			4.0 Years
Weighted-Average Discount Rate
Operating leases		8.41	%		8.60	%
Finance leases		8.74	%		8.18	%

Maturities of Lease Liabilities

Maturities of lease liabilities were as follows:

	September 30, 2021				September 30, 2020
	Operating Leases		Finance Leases		Operating Leases		Finance Leases
2020 and 2021	$	355,335	$	20,906	$	342,462	$	19,226
2022		1,447,249		83,624		1,209,787		76,904
2023		1,221,017		83,624		1,057,757		76,904
2024		1,018,875		55,856		1,026,272		76,904
2025		1,049,442		12,471		1,018,875		49,136
Thereafter		4,724,446		1,679		5,773,888		5,750
Total lease payments	$	9,816,364	$	258,160	$	10,429,041	$	304,824
Less: imputed interest		2,751,749		34,119		3,269,991		46,712
Total	$	7,064,615	$	224,041	$	7,159,050	$	258,112