| Schedule of contractual undiscounted cash flows for lease obligations |
The maturity of the contractual undiscounted lease liabilities as of December 31, 2021, are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Finance Leases |
|
Total |
2022 |
|
$ |
20,572,720 |
|
$ |
5,301,840 |
|
$ |
25,874,560 |
2023 |
|
|
20,969,868 |
|
|
5,248,585 |
|
|
26,218,453 |
2024 |
|
|
20,501,183 |
|
|
3,755,537 |
|
|
24,256,720 |
2025 |
|
|
19,900,712 |
|
|
316,545 |
|
|
20,217,257 |
2026 |
|
|
19,250,040 |
|
|
40,221 |
|
|
19,290,261 |
2027 and beyond |
|
|
189,752,775 |
|
|
— |
|
|
189,752,775 |
Total undiscounted lease liabilities |
|
$ |
290,947,298 |
|
$ |
14,662,728 |
|
$ |
305,610,026 |
Impact of discounting |
|
|
(198,984,593) |
|
|
(2,071,066) |
|
|
(201,055,659) |
Total present value of minimum lease payments |
|
$ |
91,962,705 |
|
$ |
12,591,662 |
|
$ |
104,554,367 |
|
| Schedule of payments related to capitalized leases |
Payments related to capitalized leases during the years ended December 31, 2021 and 2020, are as follows:
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|
|
|
|
|
|
|
|
Year Ended |
|
|
December 31, 2021 |
|
December 31, 2020 |
Lease liabilities - operating |
|
|
|
|
|
|
Lease liabilities - operating expense, COGS |
|
$ |
4,818,319 |
|
$ |
684,418 |
Lease liabilities - operating expense, G&A |
|
|
8,517,965 |
|
|
2,083,580 |
Lease liabilities - finance |
|
|
|
|
|
|
Amortization of right-of-use assets, COGS |
|
|
1,049,787 |
|
|
17,040 |
Amortization of right-of-use assets, G&A |
|
|
76,280 |
|
|
— |
Interest on lease liabilities - finance, COGS |
|
|
719,824 |
|
|
14,377 |
Interest on lease liabilities - finance, G&A |
|
|
320,069 |
|
|
— |
Total lease expense |
|
$ |
15,502,244 |
|
$ |
2,799,415 |
|