Quarterly report pursuant to Section 13 or 15(d)

LEASED PROPERTIES AND LEASES (Tables)

v3.22.1
LEASED PROPERTIES AND LEASES (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Information Regarding Operating Leases The Company noted the following information regarding its operating leases for the three months ended March 31, 2022 and 2021:
For the Three Months Ended
March 31, 2022 March 31, 2021
Lease cost:
   Operating lease cost $ 446,601  $ 241,182 
Short term lease cost —  102,014 
Total Lease Cost $ 446,601  $ 343,196 
Other Information:
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases $ 758,849  $ 586,481 
Variable lease costs were immaterial for the three months ended March 31, 2022 and 2021.
The following table reflects the weighted average lease term and discount rate for leases in which the Company is a lessee:
March 31, 2022 December 31, 2021
Weighted-average remaining lease term - operating leases (in years) 9.9 10.0
Weighted-average discount rate - operating leases 7.10  % 7.04  %