v3.22.2.2
LEASES (Tables)
 6 Months Ended
Jun. 30, 2022
Leases  
Future minimum lease payments under non-cancellable operating leases as of June 30, 2022 were as follows:

Future minimum lease payments under non-cancellable operating leases as of June 30, 2022 were as follows:

 

Twelve months ending June 30,      
2023   $ 1,967,171  
2024     2,079,572  
2025     2,130,223  
2026     1,817,820  
Total undiscounted operating lease payments     7,994,786  
Less imputed interest (between 4.0% - 6.0%)     (748,879)  
Present value of operating lease payments   $ 7,245,907  
The following table sets forth the ROU assets and operating lease liabilities as of June 30, 2022:

The following table sets forth the ROU assets and operating lease liabilities as of June 30, 2022:

 

Assets      
ROU assets-net   $ 6,937,956  
         
Liabilities        
Current operating lease liabilities   $ 1,641,243  
Long-term operating lease liabilities     5,604,664  
Total ROU liabilities   $ 7,245,907