XML 47 R34.htm IDEA: XBRL DOCUMENT v3.21.1
10. COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
Lease maturity
   

December 31,

2020

 
Maturity of Lease Liabilities   Lease Payments  
2021   $ 70,865  
2022     22,794  
Less: Imputed interest     (5,773 )
Present value of operating lease liabilities   $ 87,886  
         
Balance Sheet Classification        
Current maturities of operating lease liabilities   $ 65,651  
Operating lease liabilities, less current maturities     22,235  
 Total operating lease liabilities   $ 87,886  
         
Other Information        
Weighted-average remaining lease term for operating leases     1.3  
Weighted-average discount rate for operating leases     9.0 %
Supplemental cash flow information related to operating leases
   

Year Ended

December 31,

 
    2020     2019  
Operating cash flow information:            
Amounts included in measurement of lease liabilities   $ 143,761     $ 324,346  
Non-cash activities:                
Right-of-use assets obtained in exchange for lease obligations   $ 120,635     $ 395,565  
Minimum annual royalty payments
Years ending December 31,      
2021   $ 6,350,000  
2022     6,600,000  
2023     6,850,000  
2024     7,100,000  
2025     7,100,000  
         
Total   $ 34,000,000