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