LEASES (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Operating Leases

The components of lease expense were as follows:

	For the Year Ended
	December 31, 2020			December 31, 2019
Operating lease cost	$	1,326,746		$	1,601,678
Weighted Average Remaining Lease Term (Months)
Operating leases	39			51
Weighted Average Discount Rate
Operating leases	4.0		%	4.0		%

The components of lease expense were as follows: 

	For the Year Ended
	December 31, 2020		December 31, 2019
Finance leases cost:
Amortization of right-of-use assets	$	538,188	$	571,130
Interest on lease liabilities	94,093		110,274
Total finance leases cost	$	632,281	$	681,404

Finance Leases

The components of lease expense were as follows:

	For the Year Ended
	December 31, 2020			December 31, 2019
Operating lease cost	$	1,326,746		$	1,601,678
Weighted Average Remaining Lease Term (Months)
Operating leases	39			51
Weighted Average Discount Rate
Operating leases	4.0		%	4.0		%

The components of lease expense were as follows: 

	For the Year Ended
	December 31, 2020		December 31, 2019
Finance leases cost:
Amortization of right-of-use assets	$	538,188	$	571,130
Interest on lease liabilities	94,093		110,274
Total finance leases cost	$	632,281	$	681,404

Operating and Finance Leases, Supplemental Cash Flow Information

Supplemental cash flow information related to finance leases was as follows: 

	For the Year Ended
	December 31, 2020		December 31, 2019
Operating cash flows from finance leases	$	94,093	$	110,274

Operating and Finance Leases, Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows:

	December 31, 2020			December 31, 2019
Finance Leases
Property and equipment, at cost	$	2,793,731		$	2,793,731
Accumulated depreciation	(1,831,318)			(1,293,130)
Property and equipment, net	$	962,413		$	1,500,601
Weighted Average Remaining Lease Term (Months)
Finance leases	43			54
Weighted Average Discount Rate
Finance leases	7.56		%	7.51		%

Schedule of Operating Lease Maturities

Maturities of lease liabilities were as follows:

Twelve months ending December 31,	Operating Leases		Finance Leases
2021	$	382,047	$	359,635
2022	336,103		322,456
2023	219,584		312,605
2024	85,797		215,364
2025	66,731		—
Total Lease Payments	1,090,262		1,210,060
Less Imputed Interest	(158,632)		(156,272)
Total	$	931,630	$	1,053,788

Schedule of Finance Lease Maturities

Maturities of lease liabilities were as follows:

Twelve months ending December 31,	Operating Leases		Finance Leases
2021	$	382,047	$	359,635
2022	336,103		322,456
2023	219,584		312,605
2024	85,797		215,364
2025	66,731		—
Total Lease Payments	1,090,262		1,210,060
Less Imputed Interest	(158,632)		(156,272)
Total	$	931,630	$	1,053,788