FACILITY LEASES

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

FACILITY LEASES

9. FACILITY LEASES

The following table summarizes our leasing arrangements related to the Company’s healthcare facilities at March 31, 2022:

	Monthly Lease
Facility	Income (1)		Lease Expiration	Renewal Option if any
Goodwill (1)	$	48,125	February 1, 2027	Term may be extended for one additional five-year term.

(1) The lease became effective on February 1, 2017, and the facility began generating rental revenue thereafter.

Future cash payments for rent to be received during the initial terms of the leases for the next five years and thereafter are as follows:

Years Ending March 31,
2022		470,610
2023		635,026
2024		643,401
2025		651,954
2026		660,665
2027 and Thereafter		55,116
Total	$	3,116,772