XML 48 R35.htm IDEA: XBRL DOCUMENT v3.20.4
LEASES (Tables)
12 Months Ended
Dec. 31, 2020
Minimum age requirement  
Schedule of minimum rental commitments for leases

Minimum rental commitments for these leases as of December 31, 2020 are presented in the table below.

     
2021  $1,043,404 
2022    1,043,404 
2023    1,043,404 
2024    1,043,404 
2025 and thereafter    12,932,978 
Total undisclosed lease payments  $17,106,594 

Less: effect of discounting   (4,376,443)
Present value of estimated lease payments  $12,730,151 
Schedule of lease expense components

The table below shows lease expense components for the year ended December 31, 2020 and 2019.

 

    December 31,  
Lease Expense Components:   2020     2019  
Operating lease expense   $ 972,815     $ 577,460  
Short-term lease expense           46,538  
Total lease expense   $ 972,815     $ 623,998