General form of registration statement for all companies including face-amount certificate companies

Leases (Tables)

v3.21.4
Leases (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Leases    
Summary of operating lease costs

​

​

​

​

​

​

​

​

Nine Months Ended September 30, 

​

 

Unaudited

​

 

2021

 

2020

Operating Lease Costs

    

$

1,740,067

    

$

1,218,383

New Assets Obtained in Exchange for Operating Lease Liabilities

​

 

4,104,760

​

 

847,445

​

​

​

​

​

​

​

​

​

​

​

Year Ending December 31,

    

2018

    

2019

    

2020

Operating Lease Costs

​

$

697,830

​

$

1,592,665

​

$

2,018,210

Summary of lease terms and discount rates

​

​

​

​

​

​

​

​

    

Unaudited

    

    

​

​

 

September 30, 2021

 

December 31, 2020

​

Weighted Average Remaining Lease Term (Years)*

 

5.09

 

3.74

​

Weighted Average Discount Rate

 

11.20

%  

10.30

%

​

​

​

​

​

​

​

Year Ending December 31,

    

2019*

    

2020*

​

Weighted Average Remaining Lease Term (Years)

 

4.83

 

3.74

​

Weighted Average Discount Rate

 

10.00

%  

10.30

%

*All Leases are Operating

Schedule of reconciliation of undiscounted future minimum lease payments

​

​

​

​

​

​

​

​

​

    

Unaudited

    

​

    

​

 

September 30, 2021

 

December 31, 2020

2021

​

$

708,823

​

$

2,174,095

2022

​

 

2,800,484

​

 

1,963,533

2023

​

 

1,943,823

​

 

1,191,604

2024

​

 

1,731,167

​

 

913,732

2025

​

 

1,447,418

​

 

696,194

2026

​

 

920,928

​

 

148,330

Thereafter

​

 

1,927,098

​

 

—

Total Payments for Operating Leases

​

 

11,479,741

​

 

7,087,488

Less: Interest

​

 

2,912,300

​

 

1,251,965

Present Value of Operating Lease Liabilities

​

$

8,567,441

​

$

5,835,523

​

​

​

​

​

​

​

​

Year Ending December 31,

​

2019

​

2020

2020

​

$

1,620,600

​

$

—

2021

​

 

1,645,922

​

 

2,174,095

2022

​

 

1,536,612

​

 

1,936,533

2023

​

 

1,135,577

​

 

1,191,604

2024

​

 

883,851

​

 

913,732

2025

​

 

665,416

​

 

696,194

2026

​

 

137,919

​

 

148,330

Total Payments for Operating Leases

​

 

7,625,897

​

 

7,060,488

Less: Interest

​

 

1,599,266

​

 

1,251,965

Present Value of Operating Lease Liabilities

​

$

6,026,630

​

$

5,808,523

Schedule of supplemental cash flows and other information related to leases  

Supplemental cash flows and other information related to leases for each of the periods ending December 31:

​

​

​

​

​

​

​

​

​

    

2019

    

2020

New Assets Obtained in Exchange for Operating Lease Liabilities

​

$

478,815

​

$

882,029

​

​

​

​

​

​

​

​

​

    

2019

    

2020

Operating Cash Flows Paid for Operating Leases

​

$

1,505,313

​

$

1,843,281