Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies

v3.21.1
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

14 - COMMITMENTS AND CONTINGENCIES

 

Operating Lease Commitments

 

Future commitments under non-cancellable operating leases with terms longer than one year for office and warehouse space as of December 31, 2020 are as follows:

 

Year Ending December 31,      
2021   $ 114,700  
2022     85,700  
2023     88,300  
2024     90,900  
2025     93,600  
Thereafter     64,000  
         
    $ 537,200  

 

For the years ended December 31, 2020 and 2019, rent expense, including prorated charges and net of sub-lease income, was $300,200 and $284,700, respectively.