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Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Weighted Average Remaining Lease Term And Discount Rate Related To Operating Leases

Weighted-average remaining lease term (in years) and discount rate related to operating leases were as follows:

Weighted-average remaining lease term			6.46
Weighted-average discount rate			6.14	%

Maturities of Lease Liabilities Under Noncancelable Operating Leases

Maturities of lease liabilities under noncancellable operating leases as of September 30, 2019 were as follows:

		September 30 ,2019
2019 (a)		$	402,448
2020			1,723,951
2021			1,768,626
2022			1,763,787
2023			1,802,007
2024 and beyond			4,297,218
Total lease payments			11,758,037
Less: Imputed interest			(1,915,560	)
Present value of lease liabilities		$	9,842,477

(a) Excluding the nine months ended September 30, 2019.

Future Minimum Payments Due

As of December 31, 2018 minimum lease payments under noncancellable operating leases by period were expected to be:

		December 31, 2018
2019		$	1,475,761
2020			1,626,179
2021			1,671,003
2022			1,664,510
2023			1,700,539
2024 and thereafter			4,246,015
		$	12,384,007

Summary of Rent Expense

A summary of rent expense for the years ended December 31, 2018 and 2017 was as follows:

		2018				2017
Rent expense		$	515,565			$	480,349

Supplemental Cash Flow Information And Non-cash Activity Relating To Operating

Supplemental cash flow information and non-cash activity relating to operating leases are as follows:

		For the Three Months Ended September 30, 2019				For the Nine Months Ended September 30, 2019
Operating cash flow information:
Cash paid for amounts included in the measurement of lease liabilities		$	395,408			$	1,022,188

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Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

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Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

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Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

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Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

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