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LEASES (Tables)
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Schedule of maturities of operating lease liabilities
Maturities of our lease liabilities for all operating leases are as follows as of March 31, 2021:
March 31, 2021
FacilitiesEquipmentPlantRailcarTotal
Year 1$690,975 $145,827 $4,060,417 $622,446 $5,519,665 
Year 2510,446 2,280 4,060,417 243,300 4,816,443 
Year 3325,383 — 4,060,417 70,500 4,456,300 
Year 4319,200 — 4,060,417 — 4,379,617 
Year 5316,000 — 4,060,417 — 4,376,417 
Thereafter2,025,000 — 28,449,386 — 30,474,386 
Total lease payments$4,187,004 $148,107 $48,751,471 $936,246 $54,022,828 
Less: interest(1,449,593)(4,391)(19,476,415)(34,639)(20,965,038)
Present value of lease liabilities$2,737,411 $143,716 $29,275,056 $901,607 $33,057,790 
Schedule of operating lease weighted average remaining lease terms and discount rates
The weighted average remaining lease terms and discount rates for all of our operating leases were as follows as of March 31, 2021:
Remaining lease term and discount rate:March 31, 2021
Weighted average remaining lease terms (years)
   Lease facilities5.68
   Lease equipment0.92
   Lease plant12.01
   Lease railcar1.10
Weighted average discount rate
   Lease facilities9.17 %
   Lease equipment8.00 %
   Lease plant9.37 %
   Lease railcar8.00 %