Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.21.2
LEASES (Tables)
 6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
The components of lease expense were as follows:

The components of lease expense were as follows:

                       
    Three Months Ended   Six Months Ended  
    June 30,   June 30,  
    2021   2020   2021   2020  
                           
Operating lease cost   $ 37,369   $ 37,921   $ 75,290   $ 75,843  
Short-term lease cost     33,548     8,231     68,437     13,688  
Total lease cost   $ 70,917   $ 46,152   $ 143,727   $ 89,531  
                           
Finance lease cost:                          
Amortization of right-of-use assets   $ 794   $ 1,855   $ 1,589   $ 3,711  
Interest on lease liabilities     19     65     47     152  
Total finance lease cost   $ 813   $ 1,920   $ 1,636   $ 3,863  
Supplemental cash flow information related to leases was as follows:

Supplemental cash flow information related to leases was as follows:

             
    Six Months Ended  
    June 30,  
    2021   2020  
Cash paid for amounts included in the measurement of lease liabilities:              
Operating cash flows from operating leases   $ 70,363   $ 67,633  
Financing cash flows from finance leases     1,616     3,717  
Supplemental balance sheet information related to leases was as follows:

Supplemental balance sheet information related to leases was as follows:

 

    June 30,
2021		   December 31,
2020		  
               
Operating Leases              
Operating lease right-of-use assets   $ 166,483   $ 236,846  
               
Operating lease current liabilities     142,450     141,293  
Operating lease long term liabilities     24,033     95,553  
Total operating lease liabilities   $ 166,483   $ 236,846  
               
Finance Leases              
Property and equipment, at cost   $ 12,725   $ 12,725  
Accumulated depreciation     (11,729 )   (10,139 )
Property and equipment, net   $ 996   $ 2,586  
               
Finance lease current liabilities     1,030     2,646  
Finance lease long term liabilities     —     —  
Total finance lease liabilities   $ 1,030   $ 2,646  

 

    June 30,
2021		   December 31,
2020		  
           
Weighted Average Remaining Lease Term          
Operating leases   0.9 Years   1.4 Years  
Finance leases   0.4 Years   0.7 Years  
           
Weighted Average Discount Rate          
Operating leases   4.75%   4.75%  
Finance leases   4.75%   4.75%  
Maturities of lease liabilities are as follows:

Maturities of lease liabilities are as follows:

 

Year Ending December 31,   Operating Leases   Finance Leases  
2021 (excluding the six months ended June 30, 2021)     74,185     1,042  
2022     97,257     —  
2023     —     —  
2024     —     —  
2025     —     —  
Thereafter     —     —  
Total undiscounted lease payments     171,442     1,042  
Less: imputed interest     (4,959 )   (12 )
Total lease liabilities   $ 166,483   $ 1,030