The Company has commitments under operating leases for real estate leased from third parties under non-cancelable operating leases. A ROU asset and lease liability is recorded on the consolidated balance sheet for all leases except those with an original lease term of twelve months or less. The Company’s leases typically have lease terms between three years and ten years, with the longest lease term having an expiration date in 2029. Most of these leases include one or more renewal options for six years or less, and certain leases also include lessee termination options. At lease commencement, the Company assesses whether it is reasonably certain to exercise a renewal option, or reasonably certain not to exercise a termination option, by considering various economic factors. Options that are reasonably certain of being exercised are factored into the determination of the lease term, and related payments are included in the calculation of the right-of-use asset and lease liability.

		Year Ended December 31, 2020
Components of total lease costs:
Operating lease cost		$1,745,575
Short-term lease cost		—
Variable lease cost		48,150
Total lease cost		$1,793,725

As of December 31, 2020, amounts reported in the Consolidated Balance Sheets were as follows:

Operating Leases:
Right-of-use assets		$10,074,506
Lease liability, current		1,527,224
Lease liability, long-term		8,836,655
Total lease liabilities		$10,363,879

Weighted-average remaining lease term (in years)		6.2
Weighted-average discount rate (annual)		4.6%

		Year Ended December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$1,504,352
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases		11,430,120

The following table presents a maturity analysis of the Company’s operating leases liabilities as of December 31, 2020:

2021		$1,970,061
2022		1,903,329
2023		1,948,666
2024		1,847,041
2025		1,531,435
Thereafter		2,793,934
Total undiscounted lease payments		11,994,466
Less: Imputed interest		1,630,587
Total lease liabilities		$10,363,879