Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Summary of the components of lease expense

The components of lease expense were as follows:

	Three Months Ended June 30, 2022		Six Months Ended June 30, 2022
Operating leases
Operating lease cost	$	267,106	$	534,213
Variable lease cost		27,635		80,638
Operating lease expense		294,741		614,851
Short-term lease rent expense		68,957		103,498
Total rent expense	$	363,698	$	718,349

	Six Months Ended June 30, 2022
Operating cash flows - operating leases	$	370,214
Right-of-use assets obtained in exchange for operating lease liabilities	$	5,285,330

	June 30, 2022
Weighted-average remaining lease term – operating leases (in years)		8.3
Weighted-average discount rate – operating leases		3.75	%

Summary of future minimum payments during the next five years and thereafter

As of June 30, 2022, future minimum payments during the next five years and thereafter are as follows:

2022 (excluding the six months ended June 30, 2022)	$	373,554
2023		748,282
2024		750,077
2025		709,185
2026		688,437
Thereafter		2,605,668
Total		5,875,203
Less imputed interest		(863,111	)
Operating lease liabilities	$	5,012,092

Lessor

The Company executed a sublease agreement of the Picky Bars, LLC operating lease on March 1, 2022. The lease commenced on April 1, 2022. The sublessee pays monthly rent of $4,889 beginning August 1, 2022, to escalate after 12 months by 3%. The initial lease term expires on April 30, 2025. The lease meets all of the criteria of an operating lease and is accordingly recognized straight line over the lease term with a related sublease rental asset accounting for abatements and initial direct costs. The Company had $16,852 and $0 of sublease rental assets as of June 30, 2022 and December 31, 2021, respectively, included in prepaid and other current assets on the unaudited consolidated balance sheets.

The components of rental income were as follows:

	Three Months Ended June 30, 2022		Six Months Ended June 30, 2022
Operating leases
Operating lease income	$	14,055	$	14,055
Variable lease income		2,710		2,710
Total rental income	$	16,765	$	16,765

As of June 30, 2022, future minimum payments to be received during the next five years and thereafter are as follows:

2022 (excluding the six months ended June 30, 2022)	$	24,447
2023		59,845
2024		61,640
2025		20,748
2026		—
Thereafter		—
Total	$	166,680

Summary of operating rental income

The components of rental income were as follows:

	Three Months Ended June 30, 2022		Six Months Ended June 30, 2022
Operating leases
Operating lease income	$	14,055	$	14,055
Variable lease income		2,710		2,710
Total rental income	$	16,765	$	16,765

Summary of future minimum payments received

As of June 30, 2022, future minimum payments to be received during the next five years and thereafter are as follows:

2022 (excluding the six months ended June 30, 2022)	$	24,447
2023		59,845
2024		61,640
2025		20,748
2026		—
Thereafter		—
Total	$	166,680