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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Summary of Maturity of Operating Lease Liabilities The amount and the maturity of the Company’s operating lease liabilities as of June 30, 2022, are as follows:

 

 

 

 

 

 

 

 

 

June 30, 2022

 

2022 (June 30 - December 31)

 

 

 

 

 

 

 

$

275,625

 

2023

 

 

 

 

 

 

 

 

411,142

 

2034

 

 

 

 

 

 

 

 

159,872

 

2025

 

 

 

 

 

 

 

 

67,981

 

2026

 

 

 

 

 

 

 

 

 

Thereafter

 

 

 

 

 

 

 

 

 

Total future minimum lease payments

 

 

 

 

 

 

 

 

914,620

 

Less imputed interest

 

 

 

 

 

 

 

 

149,197

 

Total operating lease liabilities

 

 

 

 

 

 

 

$

765,423

 

Included in the condensed consolidated balance sheet:

 

 

 

 

 

 

 

 

 

Current operating lease liabilities

 

 

 

 

 

 

 

$

436,694

 

Non-current operating lease liabilities

 

 

 

 

 

 

 

 

328,729

 

Total operating lease liabilities

 

 

 

 

 

 

 

$

765,423

 

Summary of Operating Lease Cost

For the three and six months ended June 30, 2022 and 2021, the total lease cost is comprised of the following amounts:

 

 

 

For the Three Months
Ended June 30,

 

 

For the Six Months
Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease expense

 

 

125,293

 

 

 

102,963

 

 

 

241,904

 

 

 

170,472

 

Short-term lease expense

 

 

1,300

 

 

 

2,175

 

 

 

3,250

 

 

 

25,859

 

Total lease expense

 

$

126,593

 

 

$

105,138

 

 

$

245,154

 

 

$

196,331

 

Summary of Additional Information Related to Operating Leases

The following summarizes additional information related to operating leases:

 

 

 

 

 

 

 

 

 

June 30, 2022

 

Weighted-average remaining lease term (in years)

 

 

 

 

 

 

 

 

2.1

 

Weighted-average discount rate

 

 

 

 

 

 

 

 

20

%