Finance and Operating Lease Obligations (Tables)

12 Months Ended

Dec. 31, 2021

Finance And Operating Lease Obligations

Schedule of Lease-related Assets and Liabilities

The following table presents our lease-related assets and liabilities at December 31, 2021 and 2020:

	Balance Sheet Classification	December 31, 2021			December 31, 2020
Assets:
Operating leases	Right-of-use operating lease assets	$	821,274		$	1,000,272
Finance leases	Property and equipment, net		220,461			249,985
Total lease assets		$	1,041,735		$	1,250,257
Liabilities:
Current:
Operating leases	Right-of-use operating lease obligations	$	247,017		$	172,952
Finance leases	Current liabilities		220,461			249,985
Noncurrent:
Operating leases	Right-of-use operating lease obligations		574,257			827,320
Total lease liabilities		$	1,041,735		$	1,250,257
Weighted-average remaining term:
Operating leases			3.57 years			4.17 years
Finance leases (1)			0 years			0 years
Weighted-average discount rate:
Operating leases			13.0	%		13.0	%
Finance leases			4.9	%		4.9	%

Schedule of Supplemental Cash Flow Information

The following table presents certain information related to lease expense for finance and operating leases for the years ended December 31, 2021 and 2020:

	Year Ended December 31, 2021		Year Ended December 31, 2020
Finance lease expense:
Depreciation/amortization of leased assets	$	-	$	26,349
Interest on lease liabilities		-		9,455
Operating leases:
Short-term lease expense (2)		198,187		169,465
Total lease expense	$	198,187	$	205,269

Other Information

The following table presents supplemental cash flow information for the years ended December 31, 2021 and 2020:

	Year Ended December 31, 2021		Year Ended December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	277,278	$	137,847
Operating cash flows for finance leases	$	-	$	9,455
Financing cash flows for finance lease payments	$	29,524	$	200,709

Schedule of Supplemental Cash Flow Information

The following table presents supplemental cash flow information for the years ended December 31, 2021 and 2020:

	Year Ended December 31, 2021		Year Ended December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	277,278	$	137,847
Operating cash flows for finance leases	$	-	$	9,455
Financing cash flows for finance lease payments	$	29,524	$	200,709

Schedule of Future Minimum Rentals Under Right-to-use Operating and Finance Leases

Aggregate future minimum lease payments under right-of-use operating and finance leases are as follows:

Twelve months ending December 31,	Right-of-Use Operating Leases			Finance Lease
2022	$	339,538		$	224,252
2023		275,176			-
2024		219,463			-
2025		186,496			-
Thereafter		-			-
Total		1,020,673			224,252
Less interest		(199,399	)		(3,791	)
Present value of minimum lease payments	$	821,274		$	220,461
Less current portion of lease obligations		(247,017	)		(220,461	)
Lease obligations, net of current portion	$	574,257		$	-