LEASES (Tables)

6 Months Ended

Jun. 30, 2021

Leases

Future minimum lease payments under non-cancellable operating leases as of June 30, 2021 were as follows:

Future minimum lease payments under non-cancellable operating leases as of June 30, 2021 were as follows:

Twelve months ending June 30,
2022	$	1,955,780
2023		1,624,477
2024		13,128
2025		1,784
Total undiscounted operating lease payments		3,595,169
Less imputed interest (between 4.0% - 6.0%)		(138,961	)
Present value of operating lease payments	$	3,456,208

The following table sets forth the ROU assets and operating lease liabilities as of June 30, 2021:

The following table sets forth the ROU assets and operating lease liabilities as of June 30, 2021:

Assets
ROU assets-net	$	3,223,540
Liabilities
Current operating lease liabilities	$	1,848,291
Long-term operating lease liabilities		1,607,917
Total ROU liabilities	$	3,456,208