Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases

Schedule of Lease Cost

The lease cost, cash flows and other information related to the Facility Lease were as follows:

	As of March 31, 2022
Operating lease right-of-use asset	$	540,444
Operating lease liability, current	$	112,072
Operating lease liability, long-term	$	459,482
Remaining lease term		4.8 years
Discount rate		3.63	%

	For the Three Months Ended March 31, 2022
Operating cash outflow from operating lease	$	20,109

Schedule of Future Annual Minimum Lease Payments

Future annual minimum lease payments on the Facility Lease as of March 31, 2022 are as follows:

Years ended December 31,
2022 (excluding the three months ended March 31, 2022)	$	91,095
2023		124,897
2024		128,643
2025		132,503
2026		136,473
Thereafter		11,654
Total minimum lease payments		625,265
Less imputed interest		(53,710	)
Present value of minimum lease payments	$	571,555