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COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
Supplemental lease information

Supplemental lease information as of:

 

December 31,

2020

  

December 31,

2019

 
Right-of-use asset  $9,565,700   $10,109,154 
Short-term operating lease liability (included in Other current liabilities)  $2,253,994   $1,501,539 
Long-term operating lease liability  $8,675,477   $9,145,049 
Weighted average remaining term   8.9 years    9 years 
Weighted average discount rate   8.30%   8.25%
         

Supplemental cash flow information

for the year ended:

  December 31,
2020
  

December 31,

2019

 
Cash paid for amounts included in the measurement of lease liabilities for operating lease  $1,617,645   $1,164,234 
Right-of-use assets obtained in exchange for lease obligation  $998,821   $11,171,471 
The following table reconciles the undiscounted cash flows for all operating leases at December 31, 2020 to the operating lease liabilities recorded on the balance sheet:

The following table reconciles the undiscounted cash flows for all operating leases at December 31, 2020 to the operating lease liabilities recorded on the balance sheet:

 

Years Ending December 31,     
2021   $2,334,582 
2022    1,413,289 
2023    1,443,143 
2024    1,476,534 
2025    1,513,458 
Thereafter    7,434,412 
Total undiscounted lease payments    15,615,418 
Less: imputed interest    (4,685,947)
Present value of lease payments   $10,929,471