Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.21.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2021
Leases  
SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES

Supplemental cash flows information related to leases was as follows:

 

    For The Six Months Ended  
    June 30,  
    2021     2020  
Cash paid for amounts included in the measurement of lease liabilities:            
Operating cash flows from operating leases                
    $ 273,820     $ 166,963  
Right-of-use assets obtained in exchange for lease obligations:                
Operating leases                
    $ 1,358,408     $ -  
Weighted Average Remaining Lease Term                
Operating leases                
      5.79       0.92  
Weighted Average Discount Rate                
Operating leases                
      4.9 %     6.0 %
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

Future minimum payments under non-cancellable leases as of June 30, 2021 were as follows:

 

For the Years Ending December 31,   Amount  
       
2021   $ 376,314  
2022     661,330  
2023     291,546  
2024     218,818  
2025     218,818  
Thereafter     528,810  
Total future minimum lease payments     2,295,636  
Less: imputed interest     (235,111 )
Total   $ 2,060,525