Leases (Tables)

3 Months Ended

Mar. 31, 2019

Schedule Of Supplemental Balance Sheet Information Related To Leases



		March 31,
Operating Leases	Classification	2019
Right-of-use assets	Operating lease assets	$	2,349,993

Current lease liabilities	Current operating lease liabilities		157,665
Non-current lease liabilities	Long-term operating lease liabilities		2,513,901
Total lease liabilities		$	2,671,566


Lease term and discount rate were as follows:
	March 31,
	2019
Weighted average remaining lease term (years)		13.5
Weighted average discount rate		5.27%

Schedule Of Lease Expense Components



		Three months ended
		March 31,
	Classification	2019
Operating lease cost	Occupancy and General and administrative expenses	$	76,805
Short-term lease cost	Other operating costs		737
Variable lease cost	Occupancy		9,104
Sublease income	General and administrative expenses		(766)
Total lease cost		$	85,880

Schedule Of Supplemental Cash Flow Related To Leases



	Three months ended
	March 31,
	2019
Cash paid for operating lease liabilities	$	71,832
Operating lease assets obtained in exchange for operating lease liabilities(1)		2,401,239

(1) Amounts for the three months ended March 31, 2019 include the transition adjustment for the adoption of Topic 842 discussed in Note 2. “Accounting Policies.”

Schedule Of Maturity Of Lease Liabilities

Maturities of lease liabilities were as follows as of March 31, 2019:



	Operating Leases
Remainder of 2019	$	194,583
2020		295,326
2021		292,860
2022		292,670
2023		288,138
Thereafter		2,442,438
Total lease payments		3,806,015
Less: imputed interest		1,134,449
Present value of lease liabilities	$	2,671,566

As of March 31, 2019, operating lease payments include $2,082,123 related to options to extend lease terms that are reasonably certain of being exercised and exclude approximately $87,500 of legally binding minimum lease payments for leases signed but not yet commenced and $9,672 of future sublease income.

As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease accounting, maturities of lease liabilities were as follows as of December 31, 2018:



	Operating Leases
2019	$	294,191
2020		296,579
2021		294,941
2022		295,290
2023		290,980
Thereafter		2,478,397
Total minimum lease payments	$	3,950,378