Leases (Tables)

6 Months Ended

Jun. 30, 2021

Leases

Schedule of Future Minimum Lease Payments

Future minimum lease payments under non-cancelable operating leases under ASC 842 as of June 30, 2021 are as follows:

	Operating Lease Payments
July 2021 – June 2022	$	199,619
July 2022 – June 2023		197,600
July 2023 – March 2024		134,690
Total future minimum lease payments		531,909
Less: present value adjustment		24,817
Operating lease liabilities at June 30, 2021		507,092
Less: current portion of operating lease liabilities		184,760
Operating lease liabilities, net of current portion	$	322,332

Schedule of Rent Expense and Supplemental Cash Flow Information Related to Leases

The components of rent expense and supplemental cash flow information related to leases for the period are as follows:

	Period Ended June 30, 2021
Lease Cost
Operating lease cost (included in General and administrative expenses in the Company’s condensed Consolidated Statements of Operations)	$	99,118
Other information
Cash paid for amounts included in the measurement of lease liabilities for the period ended June 30, 2021	$	94,694
Weighted average remaining lease term – operating leases (in years)		2.6
Average discount rate		3.6	%