XML 38 R27.htm IDEA: XBRL DOCUMENT v3.21.2
Lease Liabilities (Tables)
6 Months Ended
Jun. 30, 2021
Lease Liabilities  
Schedule Right-of-use Asset

The Company’s right-of-use asset for the six months ended June 30, 2021 and December 31, 2020 as follows:

   June 30, 2021    December 31, 2020  
Right-of-use asset  $631,753    $

38,506

 
              
Current lease liability  $213,775    $ 23,883  
Long-term lease liability  $420,369    $ 14,624  
Schedule of Components of Lease Expense

The components of lease expense are as follows:

 

  

June 30,

2021

  

June 30,

2020

 
Amortization of right-of-use  $28,927   $10,540 
Interest on lease liability  $6,704   $2,789 
Total lease cost  $35,631   $13,329 
Schedule of Future Minimum Lease Payments

Future minimum lease payments as of June 30, 2021,

 

      
2021 (remainder of year)   132,788 
2022   254,469 
2023   238,918 
2024   99,549 
Total future minimum lease payments   725,724 
Less: amount representing interest   (91,580)
Present value of future payments   634,144 
Current portion   213,775 
Long term portion  $420,369