Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases

Schedule of Future Minimum Lease Payments

Future minimum lease payments under non-cancelable operating leases under ASC 842 as of December 31, 2021 are as follows:

	Operating Lease Payments
Jan 2022 – Dec 2022	$	197,152
Jan 2023 – Dec 2023		200,927
Jan 2024 – Dec 2024		33,672
Total future minimum lease payments		431,751
Less: present value adjustment		(16,551	)
Operating lease liabilities at December 31, 2021		415,200
Less: current portion of operating lease liabilities		(198,819	)
Operating lease liabilities, net of current portion	$	216,381

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:

	Year Ended December 31, 2021
Lease Cost
Operating lease cost (included in General and administrative expenses in the Company’s Consolidated Statements of Operations)	$	199,276
Other information
Cash paid for amounts included in the measurement of lease liabilities for the year ended December 31, 2021	$	188,683
Weighted average remaining lease term – operating leases (in years)		2.2
Average discount rate		3.6	%