Leases

3 Months Ended

Mar. 31, 2019

15.

Leases

The Company has operating and finance leases for corporate offices, doctors’ offices, and certain equipment. These leases have remaining lease terms of 1 month to 5 years, some of which may include options to extend the leases for up to 10 years, and some of which may include options to terminate the leases within one year. As of March 31, 2019 and December 31, 2018, assets recorded under finance leases were $0.6 million, and accumulated depreciation associated with finance leases was $0.2 million.

Also, the Company rents or subleases certain real estate to third parties, which are accounted for as operating leases.

Leases with an initial term of 12 months or less are not recorded on the balance sheet.

The components of lease expense were as follows:

Three Months Ended March 31,	2019

Operating lease cost	$	1,102,684

Finance lease cost
Amortization of lease expense	$	25,150
Interest on lease liabilities		4,579

Sublease income	$	(100,180	)

Total finance lease cost, net	$	1,032,233

Other information related to leases was as follows:

Three Months Ended March 31,	2019

Supplemental Cash Flows Information

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,033,514
Operating cash flows from finance leases		4,579
Financing cash flows from finance leases		25,150

Right-of-use assets obtained in exchange for lease obligations:
Operating leases		8,855,324
Finance leases		-

Weighted Average Remaining Lease Term

Operating leases		4.30 years
Finance leases		5.25 years

Weighted Average Discount Rate

Operating leases		6.13	%
Finance leases		3.00	%

Future minimum lease payments under non-cancellable leases as of March 31, 2019 and December 31, 2018 were as follows:

March 31, 2019	Operating Leases		Finance Leases

2019 (excluding the three months ended March 31, 2019)	$	2,506,838	$	89,190
2020		2,795,554		118,920
2021		1,595,377		118,920
2022		1,250,897		118,920
2023		971,163		118,920
Thereafter		1,514,842		79,278

Total future minimum lease payments		10,634,671		644,148
Less: imputed interest		2,195,602		50,297
Total lease obligations		8,439,069		593,851
Less: current portion		2,461,924		101,741
Long-term lease obligations	$	5,977,145	$	492,110

December 31, 2018	Operating Leases		Finance Leases

2019	$	2,848,000	$	119,000
2020		2,267,000		119,000
2021		783,000		119,000
2022		487,000		119,000
2023		489,000		119,000
Thereafter		243,000		79,000

Total future minimum lease payments		7,117,000		674,000

As of March 31, 2019, the Company does not have additional operating and finance leases that have not yet commenced.