Leases

3 Months Ended

Mar. 31, 2022

Leases

Leases

Note 7. Leases

The Company did not enter into or modify any existing leases during the three months ended March 31, 2022. The current portion of the lease liabilities of $217,831 is included in accrued expenses and liabilities in the accompanying consolidated balance sheets. Maturities of lease liabilities under these leases, which have a weighted average remaining term of 19.5 years, as of March 31,2022 is:

Year Ending December 31,
2022, remaining	$	217,571
2023		219,140
2024		220,732
2025		158,166
2026 and thereafter		2,754,751
Total lease payments		3,570,360
Less imputed interest		(2,251,285)
Present value of lease liabilities	$	1,319,075

Total lease costs under operating leases amounted to $57,129 and $57,129 and total operating cash flows for operating leases amounting to $54,166 and $46,034 for the three months ended March 31, 2022 and 2021, respectively.