Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Estimated Useful Lives of Finance Lease Assets

Animal Facility	40 years
Equipment	3 –7 years
Land	Indefinite

Schedule of Operating and Finance Leases Discount Rate

The Company’s weighted-average remaining lease term and weighted-average discount rate for operating and finance leases as of June 30, 2022 are:

	Operating			Finance
Weighted-average remaining lease term	1.94 years			16.37 years
Weighted-average discount rate		4.75	%		7.72	%

Schedule of Undiscounted Future Minimum Lease Payments

The table below reconciles the undiscounted future minimum lease payments under non-cancelable leases with terms of more than one year to the total lease liabilities recognized on the consolidated balance sheet as of June 30, 2022:

	Operating			Finance
2022 - remaining	$	619,587		$	213,790
2023		1,169,559			406,339
2024		535,944			401,496
2025		—			401,496
2026		—			401,496
Thereafter		—			4,784,494
Undiscounted future minimum lease payments		2,325,090			6,609,111
Less: Amount representing interest payments		(94,829	)		(2,773,510	)
Total lease liabilities		2,230,261			3,835,601
Less current portion		(1,169,139	)		(140,767	)
Noncurrent lease liabilities	$	1,061,122		$	3,694,834