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Operating Lease
6 Months Ended
Jun. 30, 2021
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, 2021, the carrying value of this right-of-use asset, which is included in property and equipment, was approximately $1.8 million net of deferred rent on the consolidated balance sheets. As of June 30, 2021, the carrying value of the lease liability was approximately $2.2 million, which is included in accounts payable and accrued expenses on the consolidated balance sheets.
The following table summarizes the total lease and operating expenses for the three- and six-month periods ended June 30, 2021 and 2020:
June 30,
2021
June 30,
2020
Three Months Ended$241,190 $239,630 
Six Months Ended$450,232 $465,488 
The approximate future minimum lease payments under the operating lease are as follows:
Future Minimum Lease Payments
Six Months 
 Remaining In
   
20212022202320242025Total
$312,089 $624,179 $624,179 $624,179 $156,045 $2,340,671