Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.2
Leases (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Supplemental Information Related to Leases
Supplemental information related to leases for the nine months ended September 30, 2020 was as follows:
Cash paid for amounts included in the measurement of operating lease liabilities
 
$
486,907

Weighted-average remaining lease term - operating leases
 
3.5 years

Weighted-average discount rate - operating leases
 
6
%
Future Minimum Lease Commitments
Future minimum lease commitments under non-cancelable operating leases as of September 30, 2020 were as follows:
 
 
 Operating Leases
Q4 2020
 
$
163,287

2021
 
594,312

2022
 
576,793

2023
 
585,309

2024
 
153,502

Total lease payments
 
2,106,940

Less: imputed interest
 
242,940

Total
 
$
1,864,000