Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.3
Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Supplemental Information Related to Leases
Supplemental information related to leases for the nine months ended September 30, 2019 was as follows:
Cash paid for amounts included in the measurement of operating lease liabilities
 
$
480,319

Right-of-use assets obtained in exchange for operating lease liabilities
 
$
2,628,299

Weighted-average remaining lease term - operating leases
 
4.3 years

Weighted-average discount rate - operating leases
 
6
%
Future Minimum Lease Commitments
Future minimum lease commitments under non-cancellable operating leases as of September 30, 2019 were as follows:
 
 
 Operating Leases
Q4 2019
 
$
214,628

2020
 
649,801

2021
 
576,698

2022
 
529,115

2023
 
536,863

Thereafter
 
134,700

Total lease payments
 
2,641,805

Less: imputed interest
 
346,854

Total
 
$
2,294,951