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Leases (Tables)
9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Summary of the Sublease Costs

The following table contains a summary of the Sublease costs recognized under ASC 842 and other information pertaining to the Company’s operating Sublease for the nine months ended September 30, 2021:

 

 

 

Nine Months Ended

September 30, 2021

 

Sublease cost

 

 

 

 

Operating Sublease cost

 

$

104,574

 

Total Sublease cost

 

$

104,574

 

 

 

 

 

 

Other information

 

 

 

 

Operating cash flows used for operating Sublease

 

$

(114,018

)

Weighted average remaining Sublease term

 

0 years

 

Weighted average discount rate

 

10%

 

 

Future Minimum Sublease Payments Under Non-cancelable Operating Sublease

The Sublease agreement expired on July 31, 2021 and there were no future minimum payments under the Sublease agreement as of September 30, 2021. Future minimum Sublease payments under the Company’s non-cancelable operating Sublease as of December 31, 2020 were as follows:

 

Future Operating Sublease Payments

 

Year Ended

December 31, 2020

 

2021

 

 

114,018

 

Thereafter

 

 

 

Total Sublease payments

 

$

114,018

 

Less: imputed interest

 

 

(2,789

)

Total operating Sublease liabilities at December 31, 2020

 

$

111,229

 

 

Future minimum lease payments under the Company’s non-cancelable operating lease as of September 30, 2021 were as follows:

 

Future Operating Lease Payments

 

Nine Months Ended

September 30, 2021

 

2021 (excluding the nine months ended September 30, 2021)

 

$

59,970

 

2022

 

 

139,931

 

Thereafter

 

 

 

Total lease payments

 

$

199,901

 

Less: imputed interest

 

 

 

Total operating lease liabilities at September 30, 2021

 

$

199,901