Leases

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Leases

Leases

We have entered into operating and finance leases primarily for real estate and equipment rental. These leases have terms which

range from two years to four years, and often include one or more options to renew or in the case of equipment rental, to

purchase the equipment. These operating and finance leases are listed as separate line items on our consolidated balance sheets

and represent our right to use the underlying asset for the lease term. Our obligations to make lease payments are also listed as

separate line items on our consolidated balance sheets. As of December 31, 2021 and December 31, 2020, total operating and financed right-of-use assets were $641,306 and $201,902, and $606,573 and $395,910, respectively.

For the years-ended December 31, 2021 and 2020, we recorded $322,747 and $367,981 in amortization expense related to finance leases.

Because the rate implicit in each lease is not readily determinable, we use our incremental borrowing rate to

determine the present value of the lease payments.

Information related to our operating lease liabilities for are as follows:

	December 31, 2021
Cash paid for operating lease liabilities	$	532,585
Weighted-average remaining lease term	2.45 years
Weighted-average discount rate	6.25		%

Minimum future lease payments ended December 31, 2021
2022	$	114,865
2023	84,127
2024	31,021
	230,013
Less imputed interest	(21,648)
Total lease liabilities	$	208,365

Information related to our financed lease liabilities are as follows:

	December 31, 2021
Cash paid for finance lease liabilities	$	248,035
Weighted-average remaining lease term	2.3 years
Weighted-average discount rate	6.25		%

Minimum future lease payments ended December 31, 2021
2022	$	380,482
2023	297,921
2024	13,128
2025	2,143
2026	1,072
	694,746
Less imputed interest	(53,441)
Total lease liabilities	$	641,305

Leases

Leases

We have entered into operating and finance leases primarily for real estate and equipment rental. These leases have terms which

range from two years to four years, and often include one or more options to renew or in the case of equipment rental, to

purchase the equipment. These operating and finance leases are listed as separate line items on our consolidated balance sheets

and represent our right to use the underlying asset for the lease term. Our obligations to make lease payments are also listed as

separate line items on our consolidated balance sheets. As of December 31, 2021 and December 31, 2020, total operating and financed right-of-use assets were $641,306 and $201,902, and $606,573 and $395,910, respectively.

For the years-ended December 31, 2021 and 2020, we recorded $322,747 and $367,981 in amortization expense related to finance leases.

Because the rate implicit in each lease is not readily determinable, we use our incremental borrowing rate to

determine the present value of the lease payments.

Information related to our operating lease liabilities for are as follows:

	December 31, 2021
Cash paid for operating lease liabilities	$	532,585
Weighted-average remaining lease term	2.45 years
Weighted-average discount rate	6.25		%

Minimum future lease payments ended December 31, 2021
2022	$	114,865
2023	84,127
2024	31,021
	230,013
Less imputed interest	(21,648)
Total lease liabilities	$	208,365

Information related to our financed lease liabilities are as follows:

	December 31, 2021
Cash paid for finance lease liabilities	$	248,035
Weighted-average remaining lease term	2.3 years
Weighted-average discount rate	6.25		%

Minimum future lease payments ended December 31, 2021
2022	$	380,482
2023	297,921
2024	13,128
2025	2,143
2026	1,072
	694,746
Less imputed interest	(53,441)
Total lease liabilities	$	641,305