Leases (Tables)

9 Months Ended

Sep. 30, 2022

Leases

Schedule of lease cost

	For the Three Months Ended September 30, 2022		For the Nine Months Ended September 30, 2022
Operating lease cost	$	195,368	$	531,371
Finance lease cost
Amortization of lease assets		170,492		296,214
Interest on lease liabilities		44,903		56,772
Total finance lease cost	$	215,395	$	352,986

Schedule of weighted average remaining lease term and incremental borrowing rate

	For the Nine Months Ended September 30, 2022			For the Nine Months Ended September 30, 2021
Weighted average remaining lease term
Operating leases		4.2	years		5.6	years
Finance leases		9.5	years		2.1	years
Weighted average incremental borrowing rate
Operating leases		5.25	%		6.44	%
Finance leases		6.65	%		5.63	%

Schedule of maturities of operating and finance lease liabilities

Maturities of operating and finance lease liabilities as of September 30, 2022 were as follows:

	Operating Leases		Finance Leases		Total
Years Ending December 31, 2022 (excluding the nine months ended September 30, 2022)	$	179,752		245,867		425,619
2023		558,216		700,292		1,258,508
2024		403,966		812,383		1,216,349
2025		315,132		715,782		1,030,914
2026		245,606		595,309		840,915
2027		209,214		615,269		824,483
Thereafter		-		7,716,135		7,716,135
Total minimum lease payments		1,911,886		11,401,037		13,312,923
Less: imputed interest		(188,718)		(4,534,103)		(4,722,821)
Present value of lease liabilities	$	1,723,168	$	6,866,934	$	8,590,102