Quarterly report pursuant to Section 13 or 15(d)

Leases (Table)

v3.22.2.2
Leases (Table)
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Schedule of Lease, Cost
Lease expense for operating leases is recognized on a straight-line basis over the lease term as either cost of sales or operating expenses depending on the nature of the leased asset.
Three Months Ended September 30, Nine Months Ended
September 30,
2022 2021 2022 2021
Short-term lease expense $ 179,704  $ 190,178  $ 603,712  $ 539,961 
Operating lease expense 521,566  —  1,284,533  — 
Total lease expense $ 701,270  $ 190,178  $ 1,888,245  $ 539,961 
Lease right-of-use assets consisted of the following:
September 30, 2022 December 31, 2021
Operating leases $ 5,604,800  $ 1,538,852 
Finance leases 5,872,127  — 
Total lease right-of-use assets $ 11,476,927  $ 1,538,852 
Schedule of Lease Liabilities
Lease liabilities consisted of the following:
September 30, 2022 December 31, 2021
Operating leases $ 6,539,980  $ 1,554,767 
Finance leases 3,301,751  — 
Total lease liabilities 9,841,731  1,554,767 
Less: current portion (1,105,016) (363,714)
Long-term portion $ 8,736,715  $ 1,191,053