Schedule Of Components of lease expense |
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Components of lease expense |
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Year
Ended December 31, 2021 |
Finance leases: |
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Amortization of assets, included in depreciation and amortization expense |
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$ |
1,125,267 |
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Interest on lease liabilities, included in interest expense |
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166,665 |
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Operating lease: |
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Amortization of assets, included in total operating expense |
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144,813 |
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Interest on lease liabilities, included in total operating expense |
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19,415 |
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Total net lease cost |
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$ |
1,456,160 |
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Supplemental balance sheet information related to leases was as follows |
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Operating Leases |
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Operating lease right-of-use asset |
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$ |
422,318 |
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Current operating lease liabilities |
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$ |
205,414 |
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Noncurrent operating lease liabilities |
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226,344 |
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Total operating lease liabilities |
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$ |
431,758 |
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