Lessee Leases (Tables)
|
6 Months Ended |
Jun. 30, 2022 |
|---|
| Leases [Abstract] |
|
| Schedule of lease costs recognized in consolidated statements of operations |
Lease
costs recognized in our consolidated statements of operations is summarized as follows:
Schedule
of lease costs recognized in consolidated statements of operations
| |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| |
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
| |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| Operating lease cost included in cost of goods |
|
$ |
7,964 |
|
|
$ |
29,837 |
|
|
$ |
13,054 |
|
|
$ |
62,701 |
|
| Operating lease cost included in operating costs |
|
|
7,200 |
|
|
|
13,496 |
|
|
|
14,700 |
|
|
|
24,592 |
|
| Total operating lease cost (1) |
|
|
15,164 |
|
|
|
43,333 |
|
|
|
27,754 |
|
|
|
87,293 |
|
| Finance lease cost, included in cost of goods: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortization of lease assets |
|
|
47,416 |
|
|
|
38,952 |
|
|
|
98,469 |
|
|
|
51,586 |
|
| Interest on lease liabilities |
|
|
6,929 |
|
|
|
6,363 |
|
|
|
14,487 |
|
|
|
11,830 |
|
| Total finance lease cost |
|
|
54,345 |
|
|
|
45,315 |
|
|
|
112,956 |
|
|
|
63,416 |
|
| Short-term lease cost |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
2,300 |
|
| Total lease cost |
|
$ |
69,509 |
|
|
$ |
88,648 |
|
|
$ |
140,710 |
|
|
$ |
153,009 |
|
| |
(1) |
Right
of use asset amortization under operating agreements was $12,488 and $26,558 for the three months ended June 30, 2022 and 2021, respectively.
Right of use asset amortization under operating agreements was $25,634 and $67,539 for the six months ended June 30, 2022 and 2021,
respectively. |
|
| Schedule of other information about lease amounts recognized in Condensed Consolidated Financial Statements |
Other
information about lease amounts recognized in our condensed consolidated financial statements is summarized as follows:
Schedule
of other information about lease amounts recognized in Condensed Consolidated Financial Statements
| |
|
June 30,
2022 |
|
|
December 31,
2021 |
|
| Weighted-average remaining lease term – operating leases |
|
|
0.63 years |
|
|
|
0.95 years |
|
| Weighted-average remaining lease term – finance leases |
|
|
3.68 years |
|
|
|
3.83 years |
|
| Weighted-average discount rate – operating leases |
|
|
4.23 |
% |
|
|
5.7 |
% |
| Weighted-average discount rate – finance leases |
|
|
4.94 |
% |
|
|
3.8 |
% |
|
| Schedule of finance lease liabilities |
Finance
lease liabilities were as follows:
Schedule
of finance lease liabilities
| |
|
June 30,
2022 |
|
|
December 31,
2021 |
|
| Gross finance lease liabilities |
|
$ |
650,569 |
|
|
$ |
634,192 |
|
| Less: imputed interest |
|
|
(53,694 |
) |
|
|
(51,212 |
) |
| Present value of finance lease liabilities |
|
|
596,875 |
|
|
|
582,980 |
|
| Less: current portion |
|
|
(180,700 |
) |
|
|
(167,515 |
) |
| Long-term finance lease liabilities |
|
$ |
416,175 |
|
|
$ |
415,465 |
|
|
| Schedule of operating lease liabilities |
Operating
lease liabilities were as follows:
Schedule
of operating lease liabilities
| |
|
June 30,
2022 |
|
|
December 31,
2021 |
|
| Gross operating lease liabilities |
|
$ |
21,072 |
|
|
$ |
55,865 |
|
| Less: imputed interest |
|
|
(400 |
) |
|
|
(8,832 |
) |
| Present value of operating lease liabilities |
|
|
20,672 |
|
|
|
47,033 |
|
| Less: current portion |
|
|
(20,672 |
) |
|
|
(42,058 |
) |
| Long-term operating lease liabilities |
|
$ |
- |
|
|
$ |
4,975 |
|
|
| Schedule of lease maturities |
Lease
maturities were as follows:
Schedule
of lease maturities
Maturity
of lease liabilities
| 12 months ending June 30, |
|
Finance leases |
|
|
Operating leases |
|
| 2022 |
|
$ |
180,700 |
|
|
$ |
20,672 |
|
| 2023 |
|
|
158,960 |
|
|
|
- |
|
| 2024 |
|
|
145,598 |
|
|
|
- |
|
| 2025 |
|
|
90,087 |
|
|
|
- |
|
| 2026 |
|
|
21,530 |
|
|
|
- |
|
| Total |
|
|
596,875 |
|
|
|
20,672 |
|
| Less: Current maturities |
|
|
(180,700 |
) |
|
|
(20,672 |
) |
| Long-term liability |
|
$ |
416,175 |
|
|
$ |
- |
|
|