Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.22.1
LEASES (Tables)
 3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES

Supplemental cash flow information related to leases was as follows:

 

    For the Three Months Ended  
    March 31, 2022  
       
Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash flows from operating leases     68,232  
         
Right-of-use assets obtained in exchange for lease obligations:        
Operating leases     -  
         
Remaining lease term     6.1  
         
Weighted Average Discount Rate:        
Operating leases     7.0 %
         
SCHEDULE OF FUTURE MINIMUM LEASE COMMITMENT

Future minimum lease commitments are as follows:

 

         
For the period April 1 through December 31, 2022   $ 221,177  
For the years ended December 31,        
2023     303,603  
2024     336,102  
2025     357,881  
2026     368,617  
2027     365,004  
Thereafter     120,165  
Total future minimum lease payments     2,072,549  
Less: imputed interest     (404,942 )
Total   $ 1,667,607