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LEASED PROPERTIES AND LEASES (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Information Regarding Operating Leases The Company noted the following information regarding its operating leases for the years ended December 31, 2022 and 2021:
For the Year Ended
December 31, 2022December 31, 2021
Lease cost:
Operating lease cost$1,786,402 $1,462,136 
Short term lease cost— 229,166 
Total lease cost$1,786,402 $1,691,302 
The following table reflects the weighted average lease term and discount rate for leases in which the Company is a lessee:
December 31, 2022December 31, 2021
Weighted-average remaining lease term - operating leases (in years)11.010.0
Weighted-average discount rate - operating leases7.45 %7.04 %
Schedule of Cash Flow and Supplemental Information for Leases
The following table represents cash flow and supplemental information for leases in which the Company is a lessee:
For the Year Ended
December 31, 2022December 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used on operating leases$1,783,822 $1,691,894 
Supplemental disclosure of noncash leasing activities:
Right-of-use assets obtained in exchange for new operating lease liabilities(1)
66,385 372,380 
(1) Includes lease extension.
Future Minimum Lease Receipts
The following table reflects the undiscounted cash flows for future minimum lease payments under non-cancellable operating leases reconciled to the Company's lease liabilities on our Consolidated Balance Sheet as of December 31, 2022:
For the Years Ending December 31,Operating Leases
20231,215,193 
2024475,209 
2025419,068 
2026464,849 
2027464,849 
Thereafter3,972,700 
Total 7,011,868 
Less: Present Value Discount 2,315,458 
Operating Lease Liabilities $4,696,410