Leases

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Leases

Note 11 - Leases

The following table presents the Company’s ROU assets and lease liabilities as of December 31, 2021 and 2020:

Lease Classification	December 31, 2021		December 31, 2020
ROU Assets:
Operating	$	1,814,396	$	2,082,300
Financing		90,467		449,628
Total ROU assets	$	1,904,863	$	2,531,928
Liabilities
Current:
Operating	$	459,792	$	964,434
Finance		43,150		266,470
Noncurrent:
Operating		2,977,402		1,492,544
Finance		3,644		46,794
Total lease liabilities	$	3,483,988	$	2,770,242

Maturities of lease liabilities as of December 31, 2021 by year are as follows:

Maturity of Lease Liabilities	Operating			Finance			Total
2022	$	745,850		$	44,850		$	790,700
2023		639,172			3,364			642,536
2024		648,767			280			649,047
2025		544,080			—			544,080
2026		378,279			—			378,279
Thereafter		2,126,371			—			2,126,371
Total lease payments		5,082,519			48,494			5,131,013
Less: Interest		(1,645,325	)		(1,700	)		(1,647,025	)
Present value of lease liabilities	$	3,437,194		$	46,794		$	3,483,988

Consolidated statements of operations classification of lease costs as of the years ended December 31, 2021 and 2020 are as follows:

		Years ended December 31,
Lease Cost	Classification	2021		2020
Operating	Operating expenses	$	1,055,595	$	1,205,551
Finance:
Amortization	Operating expenses		359,162		508,962
Interest expense	Other expenses		15,481		57,247
Total lease costs		$	1,430,238	$	1,771,760

Other lease information as of December 31, 2021 is as follows:

Other Information	Total
Weighted average remaining lease term (in years)
Operating leases		7.6
Finance leases		0.9
Weighted average discount rate:
Operating leases		8.9	%
Finance leases		9.1	%

F-32

Supplemental cash flow information for the years ended December 31, 2021, and 2020 is as follows:

Supplemental Cash Flow Information	2021		2020
Cash paid for amounts included in the measurement of lease liabilities
Cash used in operating activities
Operating leases	$	1,055,595	$	1,205,551
Finance leases	$	15,481	$	57,247
Cash used in financing activities
Finance leases	$	266,470	$	579,029
ROU assets obtained in exchange for lease obligations:
Operating leases	$	615,761	$	1,008,039
Finance leases	$	—	$	—