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Operating Lease
9 Months Ended
Sep. 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 September 30, 2021, the carrying value of this right-of-use asset, which is included in property and equipment, was approximately $1.7 million net of deferred rent on the consolidated balance sheets. As of September 30, 2021, the carrying value of the lease liability was approximately $2.1 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 nine-month periods ended September 30, 2021 and 2020:
September 30,
2021
September 30,
2020
Three Months Ended$241,200 $241,050 
Nine Months Ended$691,432 $706,538 
The approximate future minimum lease payments under the operating lease are as follows:
Future Minimum Lease Payments
Three Months 
 Remaining In
   
20212022202320242025Total
$156,045 $624,179 $624,179 $624,179 $156,045 $2,184,627