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Operating Lease
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Operating Lease Operating Lease
The Company currently leases office space of approximately 37,829 square feet at one location.
As of June 30, 2020, the carrying value of this right-of use asset, which is included in property and equipment, net of deferred rent on the consolidated balance sheets, was approximately $2.3 million. As of June 30, 2020, the carrying value of the lease liability, which is included in accounts payable and accrued expenses on the consolidated balance sheets, was approximately $2.8 million.
The following table summarizes the total lease and operating expenses for the three and six months ended June 30, 2020 and 2019:
June 30,
2020
June 30,
2019
Three Months Ended$239,630  $239,455  
Six Months Ended$465,488  $491,528  
The approximate future minimum lease payments under the operating lease are as follows:
Future Minimum Lease Payments
Six Months 
 Remaining In
    
20202021202220232024ThereafterTotal
$312,089  $624,179  $624,179  $624,179  $624,179  $156,045  $2,964,850