Quarterly report pursuant to Section 13 or 15(d)

LEASED PROPERTIES AND LEASES (Tables)

v3.22.2
LEASED PROPERTIES AND LEASES (Tables)
 6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Information Regarding Operating Leases The Company noted the following information regarding its operating leases for the three and six months ended June 30, 2022 and 2021:
For the Three Months Ended For the Six Months Ended
June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021
Lease cost:
   Operating lease cost $ 446,601  $ 357,461  $ 893,202  $ 598,643 
Short term lease cost —  101,771  —  203,785 
Total Lease Cost $ 446,601  $ 459,232  $ 893,202  $ 802,428 
Other Information:
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases $ 341,185  $ 246,807  $ 1,100,034  $ 833,288 
Variable lease costs were immaterial for the three and six months ended June 30, 2022 and 2021.
The following table reflects the weighted average lease term and discount rate for leases in which the Company is a lessee:
June 30, 2022 December 31, 2021
Weighted-average remaining lease term - operating leases (in years) 10.3 10.0
Weighted-average discount rate - operating leases 7.20  % 7.04  %