Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.21.2
COMMITMENTS AND CONTINGENCIES (Tables)
9 Months Ended
Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

Pursuant to the terms of our non-cancelable lease agreements in effect at September 30, 2021, the following table summarizes the Company’s maturities of operating lease liabilities as of September 30, 2021:

 

2021 (Remainder of year)

 

$

403,257

 

2022

 

 

1,652,563

 

2023

 

 

1,700,005

 

2024

 

 

1,747,447

 

2025

 

 

1,794,889

 

Thereafter

 

 

1,688,145

 

Total lease payments

 

$

8,986,306

 

 

 

 

 

Less: imputed interest

 

 

(1,632,541

)

Total

 

$

7,353,765

 

SUMMARY OF UNDISCOUNTED SUBLEASE CASH INFLOWS

Undiscounted sublease cash inflows have been summarized in the following table:

2021 (Remainder of year)

 

$

 

2022

 

 

104,971

 

2023

 

 

185,717

 

2024

 

 

278,576

 

2025

 

 

290,688

 

2026

 

 

252,333

 

Total sublease payments

 

$

1,112,285