LEASES (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Schedule of Components of Lease Expense

The components of lease expense were as follows:

	Year Ended		Year Ended
	December 31, 2021		December 31, 2020
Finance leases:
Depreciation of assets	$	152,700	$	88,000
Interest on lease liabilities	43,400		38,000
Operating lease expense	550,400		328,300
Total net lease cost	$	746,500	$	454,300

Supplemental cash flow and other information related to leases was as follows:

	Year Ended			Year Ended
	December 31, 2021			December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(301,100)		$	(273,800)
Financing cash flows from finance leases	(356,900)			(564,400)
Assets obtained in exchange for lease liabilities:
Operating leases	$	2,943,800		$	—
Finance leases	—			1,043,100
Weighted average remaining lease term (in years):
Operating leases	8.6			3.2
Finance leases	2.7			3.1
Weighted average discount rate:
Operating leases	4.7		%	9.9		%
Finance leases	4.8		%	5.2		%

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

	December 31, 2021		December 31, 2020
Operating leases:
Operating lease ROU assets	$	3,429,700	$	873,800
Total ROU Liabilities	$	3,484,400	$	841,700
Finance leases:
Property and equipment, at cost	$	1,365,500	$	1,411,100
Less: Accumulated depreciation	293,100		140,400
Property and equipment, net	$	1,072,400	$	1,270,700
Total Finance lease liabilities	$	543,400	$	999,400

Schedule of Minimum Lease Payments Under the Terms of the Leases

The minimum lease payments under the terms of the leases are as follows for the years ended December 31:

	Operating Leases		Finance Leases		Total
2022	$	611,700	$	268,900	$	880,600
2023	542,000		238,600		780,600
2024	433,300		74,900		508,200
2025	328,900		—		328,900
2026	338,800		—		338,800
Thereafter	1,952,600		—		1,952,600
Total lease payments	$	4,207,300	$	582,400	$	4,789,700
Less amount of discount/interest	(722,900)		(39,000)		(761,900)
	$	3,484,400	$	543,400	$	4,027,800

Finance Lease, Liability, Fiscal Year Maturity

The minimum lease payments under the terms of the leases are as follows for the years ended December 31:

	Operating Leases		Finance Leases		Total
2022	$	611,700	$	268,900	$	880,600
2023	542,000		238,600		780,600
2024	433,300		74,900		508,200
2025	328,900		—		328,900
2026	338,800		—		338,800
Thereafter	1,952,600		—		1,952,600
Total lease payments	$	4,207,300	$	582,400	$	4,789,700
Less amount of discount/interest	(722,900)		(39,000)		(761,900)
	$	3,484,400	$	543,400	$	4,027,800