Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.1
Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Supplemental Information Related to Leases
Supplemental information related to leases for the three months ended March 31, 2020 was as follows:
Cash paid for amounts included in the measurement of operating lease liabilities
 
$
160,971

Weighted-average remaining lease term - operating leases
 
3.8 years

Weighted-average discount rate - operating leases
 
6
%
Future Minimum Lease Commitments
Future minimum lease commitments under non-cancellable operating leases as of March 31, 2020 were as follows:
 
 
 Operating Leases
Q2 through Q4 2020
 
$
488,830

2021
 
576,698

2022
 
559,115

2023
 
566,863

2024
 
134,700

Total lease payments
 
2,326,206

Less: imputed interest
 
283,937

Total
 
$
2,042,269