Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.21.2
COMMITMENTS AND CONTINGENCIES (Tables)
 6 Months Ended
Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
Components of lease expense
           
    2021     2020  
Operating lease expense:                
Operating lease cost - fixed   $ 114,774     $ 116,167  
Variable lease cost     61,475       72,785  
Total operating lease cost   $ 176,249     $ 188,952  
Other information related to leases
           
    2021     2020  
Operating lease liability - current   $ 223,972     $ 231,796  
Operating lease liability - long-term   $ 525,895     $ 680,087  
Operating cash outflows from operating leases   $ 117,962     $ 110,000  
                 
Weighted-average remaining lease term of operating leases     4.41 years       5.22 years  
Weighted-average discount rate of operating leases     8.5%       8.5%  
Future annual minimum operating lease payments
       
2021 (excluding the six months ended June 30, 2021)   $ 124,338  
2022     195,176  
2023     193,169  
2024     172,424  
2025 and thereafter     211,694  
Total minimum lease payments     896,801  
Less imputed interest     (146,934 )
Total   $ 749,867  
Sales tax accrual
           
    June 30,
2021		     December 31,
2020		  
Balance, beginning of year   $ 31,396     $ 26,957  
Sales tax collected     26,738       94,904  
Provisions (reversals)     (8,572 )     27,916  
Payments     (43,265 )     (118,381 )
Balance, end of period   $ 6,297     $ 31,396