Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases

Schedule of lease cost

	For the Year Ended December 31, 2021		For the Year Ended December 31, 2020
Operating lease cost	$	474,135	$	435,024
Finance lease cost
Amortization of lease assets		185,171		114,201
Interest on lease liabilities		21,970		17,972
Total finance lease cost	$	207,141	$	132,173

Schedule of weighted average remaining lease term and incremental borrowing rate

	For the Year Ended December 31, 2021			For the Year Ended December 31, 2020
Weighted average remaining lease term
Operating leases		5.0	years		5.9	years
Finance leases		2.0	years		2.0	years
Weighted average discount rate
Operating leases		6.32	%		6.49	%
Finance leases		5.30	%		6.17	%

Schedule of maturities of operating and finance lease liabilities

Maturities of operating and finance lease liabilities as of December 31, 2021 were as follows:

	Operating Leases		Finance Leases		Total
2022	$	426,539		281,042		707,581
2023		292,921		135,632		428,553
2024		231,503		131,256		362,759
2025		238,452		-		238,452
2026		245,607		-		245,607
2027		209,214		-		209,214
Thereafter		-		-		-
Total minimum lease payments		1,644,236		547,930		2,192,166
Less: imputed interest		(233,037)		(31,927)		(264,964)
Present value of lease liabilities	$	1,411,199	$	516,003	$	1,927,202

Maturities of operating and finance lease liabilities as of December 31, 2020 were as follows:

	Operating Leases		Finance Leases		Total
2021	$	369,995	$	120,684	$	490,679
2022		360,839		155,694		516,533
2023		244,973		10,284		255,257
2024		231,503		-		231,503
2025		238,452		-		238,452
Thereafter		454,820		-		454,820
Total minimum lease payments		1,900,582		286,662		2,187,244
Less: imputed interest		(320,193)		(18,295)		(338,488)
Present value of lease liabilities	$	1,580,389	$	268,367	$	1,848,756