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Leased Properties and Leases (Tables)
 9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Schedule of Depreciation and Amortization
The following table reflects the depreciation and amortization included in the accompanying Consolidated Statements of Operations associated with the Company's leases and leased properties:
For the Three Months EndedFor the Nine Months Ended
September 30, 2021September 30, 2020September 30, 2021September 30, 2020
Depreciation Expense
GIGS$— $1,190,911 $140,860 $4,822,410 
Pinedale— — — 3,695,599 
United Property Systems10,314 9,837 30,942 29,499 
Total Depreciation Expense$10,314 $1,200,748 $171,802 $8,547,508 
Amortization Expense - Deferred Lease Costs
GIGS$— $7,641 $2,547 $22,923 
Pinedale— — — 30,684 
Total Amortization Expense - Deferred Lease Costs$— $7,641 $2,547 $53,607 
ARO Accretion Expense
GIGS$— $116,514 $40,546 $345,199 
Total ARO Accretion Expense$— $116,514 $40,546 $345,199 
Schedule of Deferred Costs
The following table reflects the deferred costs that are included in the accompanying Consolidated Balance Sheets associated with the Company's leased properties:
September 30, 2021December 31, 2020
Net Deferred Lease Costs
GIGS$— $168,191 
Total Deferred Lease Costs, net$— $168,191 
Information Regarding Operating Leases The Company noted the following information regarding its operating leases for the three and nine months ended September 30, 2021 and 2020:
For the Three Months EndedFor the Nine Months Ended
September 30, 2021September 30, 2020September 30, 2021September 30, 2020
Lease cost:
Operating lease cost$416,887 $8,625 $1,015,530 $32,801 
Short term lease cost25,382 — 229,166 — 
Other Information:
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases $293,195 $8,625 $1,126,483 $32,801 
The following table reflects the weighted average lease term and discount rate for leases in which the Company is a lessee:
September 30, 2021December 31, 2020
Weighted-average remaining lease term - operating leases (in years)9.71.8
Weighted-average discount rate - operating leases6.95 %7.45 %
Future Minimum Lease Receipts
The following table reflects the undiscounted cash flows for future minimum lease payments under noncancellable operating leases reconciled to the Company's lease liabilities on our Consolidated Balance Sheet as of September 30, 2021:
For the Years Ending December 31,Operating Leases
2021$336,244 
20221,774,495 
20231,179,989 
2024446,458 
2025419,068 
Thereafter4,902,398 
Total 9,058,652 
Less: Present Value Discount 2,777,638 
Operating Lease Liabilities $6,281,014