XML 35 R24.htm IDEA: XBRL DOCUMENT v3.20.2
Leases (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Summary of Lease Expense and Supplemental Cash Flow Information
The components of lease expense were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
Operating lease cost$98,808 $191,472 $344,836 $578,919 
Operating sublease income(72,793)(99,937)(218,380)(299,812)
Net operating lease cost$26,015 $91,535 $126,456 $279,107 
Supplemental cash flow and other information related to leases was as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$236,748 $229,927 $706,211 $685,865 
Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases was as follows:
As of September 30,
2020
As of December 31,
2019
Operating lease ROU assets$423,163 $697,418 
Current operating lease liabilities$883,534 $865,379 
Non-current operating lease liabilities207,178 860,963 
Total operating lease liabilities$1,090,712 $1,726,342 
Weighted-average remaining lease term–operating leases1.3 years2.0 years
Weighted-average discount rate–operating leases6.5 %6.5 %
Summary of Future Minimum Lease Payments
Total remaining annual commitments under non-cancelable lease agreements for each of the years ended December 31 are as follows:
Year Ending December 31, Operating Leases  Sublease Income  Net Operating Leases
2020 (excluding the nine months ended September 30, 2020)$159,167 $(72,793)$86,374 
2021968,165 (403,345)564,820 
20225,868 — 5,868 
20233,423 — 3,423 
Total future minimum lease payments1,136,623 $(476,138)$660,485 
Less imputed interest(45,911)
Total$1,090,712