Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.21.1
LEASES (Tables)
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Components of Financing Lease Cost
The following table shows the components of financing lease cost:

For the Three Months Ended March 31,
Financing Lease Cost 2021 2020
Amortization of right-of-use assets $ 10,992  $ 18,376 
Interest on lease liabilities 1,936  872 
Total financing lease cost $ 12,928  $ 19,248 
Future Minimum Lease Payments to Discounted Finance Lease Liability
The following table reconciles future minimum lease payments to the discounted finance lease liability:

Years ending December 31, Amount
2021 - remaining $ 29,019 
2022 12,803 
2023 — 
2024 — 
2025 — 
Thereafter — 
Total future minimum lease payments $ 41,822 
Less: Amount representing interest 1,061 
Present value of future payments $ 40,761 
Current portion $ 36,408 
Long-term portion $ 4,353