Annual report pursuant to Section 13 and 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.22.1
COMMITMENTS AND CONTINGENCIES (Tables)
 12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Components of lease expense
               
Operating lease expense:   2021   2020
Operating lease cost - fixed   $ 229,548     $ 230,944  
Variable lease cost     122,356       125,872  
Total operating lease cost   $ 351,904     $ 356,816  
Other information related to leases
               
    2021   2020
Operating lease liability - current   $ 195,176     $ 242,299  
Operating lease liability - long-term   $ 459,668     $ 592,341  
Operating cash outflows from operating leases   $ 242,305     $ 223,835  
                 
Weighted-average remaining lease term of operating leases     4.1 years       4.8 years  
Weighted-average discount rate of operating leases     8.5%       8.5%  
Future annual minimum operating lease payments
       
2022   $ 195,176  
2023     193,169  
2024     172,425  
2025     158,510  
2026 and thereafter     53,183  
Total minimum lease payments     772,463  
Less imputed interest     (117,619 )
Total   $ 654,844  
Schedule of sales tax accrual
               
    2021   2020
Balance, beginning of year   $ 31,396     $ 26,957  
Sales tax collected     85,589       94,904  
Provisions (reversals)     (7,685 )     27,916  
Payments     (92,666 )     (118,381 )
Balance, end of year   $ 16,634     $ 31,396