Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
Mar. 31, 2022
Basis of Presentation and Summary of Significant Accounting Policies
Significant Accounting Policies	On February 5, 2021, the Company borrowed $940,734 under the Paycheck Protection Program (the “PPP”). The funds, according to the provision of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), were used for payroll costs including payroll benefits, interest on mortgage obligations, rent under lease agreements and utilities. Since the Company met all of the eligibility requirements to participate in the PPP and it was probable from the beginning that the Company’s PPP borrowing would be forgiven, the Company’s participation in the PPP program was accounted for as a government grant. Since the entire amount of the PPP participation was used to pay qualified expenses prior to March 31, 2021, the qualifying expenses were presented in the Company’s unaudited interim condensed consolidated financial statements for the quarter ended March 31, 2021 as a reduction of those related expenses in the quarter. Because of the $940,734 PPP loan being applied against relevant expenses in the quarter ended March 31, 2021, the results of operations for the first quarters of 2021 and 2022 are of limited comparability. There have been no significant changes in the Company's accounting policies from those disclosed in its Annual Report on Form 10-K. In the opinion of the management of the Company, the information contained herein reflects all adjustments necessary for a fair presentation of the results of operations and cash flows for the interim periods presented and the financial condition as of the dates indicated, which adjustments are of a normal recurring nature. The results for the three-month period ended March 31, 2022 is not necessarily indicative of the results to be expected for the full year ending December 31, 2022, especially in light of the impact of the coronavirus (“COVID-19) pandemic on the Company’s operations during January and February 2022.

Basis of Presentation and Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2022

Basis of Presentation and Summary of Significant Accounting Policies

On February 5, 2021, the Company borrowed $940,734 under the Paycheck Protection Program (the “PPP”). The funds, according to the provision of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), were used for payroll costs including payroll benefits, interest on mortgage obligations, rent under lease agreements and utilities. Since the Company met all of the eligibility requirements to participate in the PPP and it was probable from the beginning that the Company’s PPP borrowing would be forgiven, the Company’s participation in the PPP program was accounted for as a government grant. Since the entire amount of the PPP participation was used to pay qualified expenses prior to March 31, 2021, the qualifying expenses were presented in the Company’s unaudited interim condensed consolidated financial statements for the quarter ended March 31, 2021 as a reduction of those related expenses in the quarter. Because of the $940,734 PPP loan being applied against relevant expenses in the quarter ended March 31, 2021, the results of operations for the first quarters of 2021 and 2022 are of limited comparability.

There have been no significant changes in the Company's accounting policies from those disclosed in its Annual Report on Form 10-K.

In the opinion of the management of the Company, the information contained herein reflects all adjustments necessary for a fair presentation of the results of operations and cash flows for the interim periods presented and the financial condition as of the dates indicated, which adjustments are of a normal recurring nature. The results for the three-month period ended March 31, 2022 is not necessarily indicative of the results to be expected for the full year ending December 31, 2022, especially in light of the impact of the coronavirus (“COVID-19) pandemic on the Company’s operations during January and February 2022.