Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES

v3.21.1
COMMITMENTS AND CONTINGENCIES
3 Months Ended
Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES

8. COMMITMENTS AND CONTINGENCIES

 

Operating Lease Commitment

 

See Note 6 to the consolidated financial statements in our 2020 Annual Report for additional information regarding leases.

 

Pursuant to the terms of our non-cancelable lease agreements in effect at March 31, 2021, the following table summarizes our maturities of operating lease liabilities as of March 31, 2021: 

 

      March 31, 2021  
2021 (Remainder of year)   $ 1,209,771  
2022     1,652,563  
2023     1,700,005  
2024     1,747,447  
2025     1,794,889  
Thereafter     1,688,145  
Total lease payments   $ 9,792,820  
         
Less: imputed interest     (1,933,184 )
Total   $ 7,859,636