Note 3 - Leases

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

Note 3.  Leases

The Company leases facilities and office equipment under various operating leases, which generally are expected to be renewed or replaced by other leases. For the quarters ended September 30, 2021 and 2020, operating lease expenses totaled $117,689 and $58,039, respectively.  For the nine months ended September 31, 2021 and 2020, operating lease expenses totaled $338,355 and $186,731, respectively.  

Operating lease liabilities as of September 30, 2021 will require the following payments:

2021 (excluding the nine months ended September 30, 2021)	$	154,018
2022		621,802
2023		554,916
2024		518,935
2025		414,138
Thereafter		1,331,219
Total minimum lease payments		3,595,028
Less imputed interest		(493,336	)
Total lease liabilities	$	3,101,692