Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Summary of Right-of-use Asset and Lease Liability

The table below summarizes the right-of-use asset and lease liability for the period ended March 31, 2021:

	March 31, 2021
Right of Use Assets
Balance at December 31, 2020	$	483,113
Depreciation		(74,883	)
Balance at March 31, 2021	$	408,230
Lease Liability
Balance at December 31, 2020	$	483,113
Lease interest expense		8,187
Payments		(83,070	)
Balance at March 31, 2021	$	408,230
Short-term portion	$	223,535
Long-term portion		184,695
Total	$	408,230

Schedule of Undiscounted Rent Payments

Undiscounted rent payments for the next five years are as follows:

2021	$	204,830
2022		67,320
2023		66,180
2024		59,520
2025		61,020
Total	$	458,870
Impact of discounting		50,640
Lease liability, March 31, 2021	$	408,230