24) Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Schedule of Lease Cost Recognized in Earnings

The following table presents the Company’s total lease cost recognized in earnings, amounts capitalized as right-of- use assets and cash flows from lease transactions for the period presented:

	Year Ended December 31	Year Ended December 31
	2020	2019
Lease Cost
Finance lease cost:
Amortization of right-of-use assets (1)	$           58,576	$       38,351
Interest on lease liabilities (2)	7,341	9,001
Operating lease cost (3)	5,408,737	5,706,490
Short-term lease cost (3)(4)	222,311	233,318
Sublease income (3)	(394,758)	(663,242)
Total lease cost	$      5,302,207	$   5,323,918
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$      5,293,901	$   5,567,761
Operating cash flows from finance leases	7,341	9,001
Financing cash flows from finance leases	56,982	95,931
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$      5,631,193	$ 16,544,406
Finance leases	8,494	252,763
Weighted-average remaining lease term (in years)
Finance leases	2.74	3.23
Operating leases	5.40	4.67
Weighted-average discount rate
Finance leases	5.59%	5.47%
Operating leases	4.87%	5.06%
(1) Included in Depreciation on property and equipment on the consolidated statements of earnings
(2) Included in Interest expense on the consolidated statements of earnings
(3) Included in Rent and rent related expenses on the consolidated statements of earnings
(4) Includes leases with a term of 12 months or less

Schedule of Future Minimum Rental Payments for Operating Leases

The following table presents the maturity analysis of the Company’s lease liabilities.

	Finance Leases	Operating Leases
Lease payments due in:
2021	$          46,898	$         4,344,756
2022	34,458	3,004,271
2023	27,220	2,088,028
2024	4,354	1,567,924
2025	692	837,526
Thereafter	-	2,938,906
Total undiscounted lease payments	113,622	14,781,411
Less: Discount on cash flows	(8,671)	(2,859,527)
Present value of lease liabilities	$        104,951	$       11,921,884

Right-of-Use Assets and Lease Liabilities TextBlock

The following table presents the Company’s right-of-use assets and lease liabilities for the period presented:

	Balance Sheet Location	Year Ended December 31 2020	Year Ended December 31 2019
Operating Leases
Right-of-use assets	Other assets	$      11,663,245	$     11,267,247
Lease liabilities	Other liabilities and accrued expenses	$      11,921,884	$     11,405,976
Finance Leases
Right-of-use assets		$          254,276	$         248,565
Accumulated amortization		(154,144)	(98,351)
Right-of-use assets, net	Property and equipment, net	$          100,132	$         150,214
Lease liabilities	Bank and other loans payable	$          104,951	$         153,439