LEASES (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Lease, Cost

Operating Leases

The components of lease expense were as follows:

	For the Three Months Ended
	March 31, 2021			March 31, 2020
Operating lease cost	$	572,135		$	503,057
Weighted Average Remaining Lease Term (Months)
Operating leases	312			36
Weighted Average Discount Rate
Operating leases	2.08		%	4.10		%

Finance Leases

The components of lease expense were as follows:

	For the Three Months Ended
	March 31, 2021		March 31, 2020
Finance leases cost:
Amortization of right-of-use assets	$	87,176	$	139,687
Interest on lease liabilities	20,625		27,903
Total finance leases cost	$	107,801	$	167,590

Operating and Finance Leases, Supplemental Cash Flow Information

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

	For the Three Months Ended
	March 31, 2021		March 31, 2020
Operating cash flows from finance leases	$	20,625	$	27,903

Operating and Finance Leases, Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows:

	March 31, 2021			December 31, 2020
Finance Leases
Property and equipment, at cost	$	2,793,731		$	2,793,731
Accumulated depreciation	(1,918,495)			(1,831,318)
Property and equipment, net	$	875,236		$	962,413
Weighted Average Remaining Lease Term (Months)
Finance leases	41			43
Weighted Average Discount Rate
Finance leases	7.57		%	7.56		%

Lessee, Operating Lease, Liability, Maturity

Maturities of lease liabilities were as follows:

Twelve months ending March 31,	Operating Leases		Finance Leases
2022	$	999,730	$	424,308
2023	985,718		320,868
2024	856,936		288,572
2025	816,708		165,248
2026	723,859		—
Thereafter	17,466,321		—
Total Lease Payments	21,849,272		1,198,996
Less Imputed Interest	(5,752,558)		(218,012)
Total	$	16,096,714	$	980,984