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Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2020

Commitments And Contingencies Disclosure [Abstract]

Summary of Components of Lease Cost

The components of lease cost are presented in the following table:

		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

Schedule of Operating Lease and Supplemental Information

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%

Summary of Other Information Related to Lease

Other information related to leases are as follows:

		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

Schedule of Maturity Analysis of the Company's Operating Leases Liabilities

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