Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases

Schedule of lease cost

	For the Three Months Ended March 31, 2022		For the Three Months Ended March 31, 2021
Operating lease cost	$	125,503	$	113,555
Finance lease cost
Amortization of lease assets		62,861		29,725
Interest on lease liabilities		6,317		3,743
Total finance lease cost	$	69,178	$	33,468

Schedule of weighted average remaining lease term and incremental borrowing rate

	For the Three Months Ended March 31, 2022			For the Three Months Ended March 31, 2021
Weighted average remaining lease term
Operating leases		4.6	years		6.0	years
Finance leases		1.9	years		1.7	years
Weighted average discount rate
Operating leases		5.62	%		6.47	%
Finance leases		5.47	%		6.17	%

Schedule of maturities of operating and finance lease liabilities

Maturities of operating and finance lease liabilities as of March 31, 2022 were as follows:

	Operating Leases		Finance Leases		Total
2022 (excluding the three months ended March 31, 2022)	$	378,343		281,042		659,385
2023		369,601		135,632		505,233
2024		308,183		131,256		439,439
2025		315,132		-		315,132
2026		245,607		-		245,607
2027		209,214		-		209,214
Total minimum lease payments		1,826,080		547,930		2,374,010
Less: imputed interest		(222,023)		(87,118)		(309,141)
Present value of lease liabilities	$	1,604,057	$	460,812	$	2,064,869