Leases (Tables)

3 Months Ended

Mar. 31, 2019

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