Supplemental Disclosure of Non-cash Activity |
3 Months Ended |
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Mar. 31, 2022 | |
| Supplemental Cash Flow Information [Abstract] | |
| Supplemental Disclosure of Non-cash Activity | During the three months ended March 31, 2022 and 2021, cash paid for income taxes was $0 for both periods. During the three months ended March 31, 2022 and 2021, cash paid for interest was $11,250 and $35,533, respectively. Supplemental disclosure of non-cash activity:
As of March 31, 2022, accounts payable included property and equipment purchases of $109,882. As of December 31, 2021, accounts payable and accrued expenses included property and equipment purchases of $158,293, and $152,501, respectively.
In connection with the Company’s reacquisition and termination of regional developer rights during the three months ended March 31, 2022, the Company had deferred revenue of $95,197, representing fees collected upon the execution of the regional developer agreement. The Company netted this amount against the aggregate purchase price.
In connection with the Company’s reacquisition and termination of regional developer rights during the three months ended March 31, 2021, the Company had deferred revenue of $35,679, representing fees collected upon the execution of the regional developer agreement. The Company netted this amount against the aggregate purchase price. As of March 31, 2022 and March 31, 2021, the Company had $11,201 and $49,360 of expected proceeds from the exercise of stock options included in accounts receivable, respectively.
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