Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.23.1
LEASES (Tables)
3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Schedule of Information Regarding Operating Leases The Company noted the following information regarding its operating leases for the three months ended March 31, 2023 and 2022:
For the Three Months Ended
March 31, 2023 March 31, 2022
Lease cost:
   Operating lease cost $ 446,601  $ 446,601 
Other Information:
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases $ 765,210  $ 758,849 
The following table reflects the weighted average lease term and discount rate for leases in which the Company is a lessee:
March 31, 2023 December 31, 2022
Weighted average remaining lease term - operating leases (in years) 11.5 11.0
Weighted average discount rate - operating leases 7.58  % 7.45  %