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Leases (Tables)
9 Months Ended
Sep. 30, 2021
Leases (Tables)  
Schedule of lease assets and liabilities

Operating leases

 

Sept. 30,

2021

 

 

 

 

 

Assets

 

 

 

ROU operating lease assets

 

$278,878

 

 

 

 

 

 

Liabilities

 

 

 

 

Current portion of operating lease

 

$88,986

 

Operating lease, net of current portion

 

$199,302

 

Total operating lease liabilities

 

$288,288

 

 

 

 

 

 

Finance leases

 

 

 

 

Assets

 

 

 

 

Property and equipment, gross

 

$157,184

 

Accumulated depreciation

 

 

(72,978)

Property and equipment, net

 

$84,206

 

Liabilities

 

 

 

 

Current portion of financing lease

 

$33,280

 

Finance lease, net of current portion

 

 

26,047

 

Total operating lease liabilities

 

$59,327

 

Schedule of weighted average remaining lease term and weighted average discount rate

Weighted average remaining lease term (years)

 

Sept. 30,

2021

 

Operating leases

 

 

3.00

 

Finance leases

 

 

1.75

 

Weighted average discount rate

 

 

 

 

Operating leases

 

 

5.96%

Finance leases

 

 

4.89%
Schedule of future minimum lease payments for finance lease

2021

 

 

9,445

 

2022

 

 

37,778

 

2023

 

 

18,889

 

Total lease payments

 

 

66,112

 

Less imputed interest

 

 

(2,695)

Less sales tax

 

 

(4,090)

Total lease obligations

 

 

59,327

 

Less current obligations

 

 

(33,280)

Long-term lease obligations

 

$26,047

 

Schedule of future minimum lease payments for operating lease

2021

 

 

25,428

 

2022

 

 

104,497

 

2023

 

 

102,741

 

2024

 

 

79,948

 

2025

 

 

3,645

 

Total lease payments

 

 

316,259

 

Less imputed interest

 

 

(27,971)

Total lease obligations

 

 

288,288

 

Less current obligations

 

 

(88,986)

Long-term lease obligations

 

$199,302