Lessee Leases (Tables)
|
9 Months Ended |
Sep. 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
September 30, |
|
|
Nine
Months Ended
September 30, |
|
| |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| Operating
lease cost included in cost of goods |
|
$ |
976 |
|
|
$ |
27,868 |
|
|
$ |
14,030 |
|
|
$ |
90,569 |
|
| Operating
lease cost included in operating costs |
|
|
7,500 |
|
|
|
13,496 |
|
|
|
22,200 |
|
|
|
35,788 |
|
| Total
operating lease cost (1) |
|
|
8,476 |
|
|
|
41,364 |
|
|
|
36,230 |
|
|
|
126,357 |
|
| Finance
lease cost, included in cost of goods: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortization
of lease assets |
|
|
54,855 |
|
|
|
41,111 |
|
|
|
153,324 |
|
|
|
90,082 |
|
| Interest
on lease liabilities |
|
|
7,258 |
|
|
|
6,765 |
|
|
|
21,745 |
|
|
|
18,595 |
|
| Total
finance lease cost |
|
|
62,113 |
|
|
|
47,876 |
|
|
|
175,069 |
|
|
|
108,677 |
|
| Short-term
lease cost |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
2,300 |
|
| Total
lease cost |
|
$ |
70,589 |
|
|
$ |
89,240 |
|
|
$ |
211,299 |
|
|
$ |
237,334 |
|
| |
(1) |
Right
of use asset amortization under operating agreements was $7,214 and $39,006 for the three months ended September 30, 2022 and 2021,
respectively. Right of use asset amortization under operating agreements was $32,847 and $106,545 for the nine months ended September
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
| |
|
September
30,
2022 |
|
|
December
31,
2021 |
|
| Weighted-average remaining
lease term – operating leases |
|
|
0.41
years |
|
|
|
0.95
years |
|
| Weighted-average remaining
lease term – finance leases |
|
|
3.80
years |
|
|
|
3.83
years |
|
| Weighted-average
discount rate – operating leases |
|
|
4.0 |
% |
|
|
5.7 |
% |
| Weighted-average discount
rate – finance leases |
|
|
5.5 |
% |
|
|
3.8 |
% |
|
| Schedule of finance lease liabilities |
Finance
lease liabilities were as follows:
Schedule
of finance lease liabilities
| |
|
September
30,
2022 |
|
|
December
31,
2021 |
|
| Gross finance
lease liabilities |
|
$ |
759,561 |
|
|
$ |
634,192 |
|
| Less:
imputed interest |
|
|
(56,503 |
) |
|
|
(51,212 |
) |
| Present value of finance
lease liabilities |
|
|
703,058 |
|
|
|
582,980 |
|
| Less:
current portion |
|
|
(200,310 |
) |
|
|
(167,515 |
) |
| Long-term
finance lease liabilities |
|
$ |
502,748 |
|
|
$ |
415,465 |
|
|
| Schedule of operating lease liabilities |
Operating
lease liabilities were as follows:
Schedule
of operating lease liabilities
| |
|
September
30,
2022 |
|
|
December
31,
2021 |
|
| Gross operating
lease liabilities |
|
$ |
12,500 |
|
|
$ |
55,865 |
|
| Less:
imputed interest |
|
|
(124 |
) |
|
|
(8,832 |
) |
| Present value of operating
lease liabilities |
|
|
12,376 |
|
|
|
47,033 |
|
| Less:
current portion |
|
|
(12,376 |
) |
|
|
(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 September 30, |
|
|
Finance
leases |
|
|
|
Operating
leases |
|
| 2022 |
|
$ |
200,310 |
|
|
$ |
12,376 |
|
| 2023 |
|
|
187,397 |
|
|
|
- |
|
| 2024 |
|
|
168,143 |
|
|
|
- |
|
| 2025 |
|
|
102,522 |
|
|
|
- |
|
| 2026 |
|
|
44,686 |
|
|
|
- |
|
| Total |
|
|
703,058 |
|
|
|
12,376 |
|
| Less:
Current maturities |
|
|
(200,310 |
) |
|
|
(12,376 |
) |
| Long-term
liability |
|
$ |
502,748 |
|
|
$ |
-
|
|
|