Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.21.2
COMMITMENTS AND CONTINGENCIES (Tables)
 9 Months Ended
Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
Components of lease expense
           
    2021     2020  
Operating lease expense:                
Operating lease cost – fixed   $ 172,161     $ 173,556  
Variable lease cost     91,688       101,725  
Total operating lease cost   $ 263,849     $ 275,281  
Other information related to leases
           
    2021     2020  
Operating lease liability – current   $ 209,574     $ 237,048  
Operating lease liability – long-term   $ 493,284     $ 636,622  
Operating cash outflows from operating leases   $ 180,134     $ 166,918  
                 
Weighted-average remaining lease term of operating leases     4.23 years       5.01 years  
Weighted-average discount rate of operating leases     8.5%       8.5%  
Future annual minimum operating lease payments
     
2021 (excluding the nine months ended September 30, 2021)   $ 62,169  
2022     195,176  
2023     193,169  
2024     172,424  
2025 and thereafter     211,694  
Total minimum lease payments     834,632  
Less imputed interest     (131,774 )
Total   $ 702,858  
Sales tax accrual
           
    September 30,
2021		     December 31,
2020		  
Balance, beginning of year   $ 31,396     $ 26,957  
Sales tax collected     58,872       94,904  
Provisions (reversals)     (5,572 )     27,916  
Payments     (59,108 )     (118,381 )
Balance, end of period   $ 25,588     $ 31,396