LEASES (Tables)
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12 Months Ended |
Dec. 31, 2021 |
LEASES |
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Schedule of lease liability |
| | December 31, 2021 | | | December 31, 2020 | | Total lease liability | | $ | 435,405 | | | $ | 541,695 | | Less: short term portion | | | 119,733 | | | | 106,290 | | Long term portion | | $ | 315,672 | | | $ | 435,405 | |
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Schedule of maturity analysis under lease agreements |
2022 | | $ | 150,266 | | 2023 | | | 154,771 | | 2024 | | | 159,420 | | 2025 | | | 31,690 | | Less: Present value discount | | | (60,742 | ) | Lease liability | | $ | 435,405 | |
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Schedule of lease expense |
| | 2021 | | | 2020 | | Operating lease expense | | $ | 144,057 | | | $ | 118,316 | | | | $ | 144,057 | | | $ | 118,316 | |
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Schedule of Weighted-average remaining lease term |
| | 2021 | | | 2020 | | Weighted-average remaining lease term | | | 3.1 | | | | 4.1 | | Weighted-average discount rate | | | 8 | % | | | 8 | % |
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