The Company leases certain properties and buildings under various arrangements which provide the right to use the underlying asset and require lease payments for the lease term. Many of the property and building lease agreements obligate the Company to pay real estate taxes, insurance and certain maintenance costs (hereinafter referred to as non-lease components). Certain of the Company’s lease arrangements contain renewal provisions from 1 to 3 years, exercisable at the Company's option. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

The Company determines if an arrangement is an operating lease at inception. Leases with an initial term of 12 months or less are not recorded on the balance sheet. All other leases are recorded on the balance sheet with a corresponding operating lease asset, net, representing the right to use the underlying asset for the lease term and the operating lease liabilities representing the obligation to make lease payments arising from the lease.

Operating lease assets and operating lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term and include options to extend or terminate the lease when they are reasonably certain to be exercised. The present value of lease payments is determined primarily using the incremental borrowing rate based on the information available at lease commencement date. Lease agreements with lease and non-lease components are generally accounted for as a single lease component. The Company’s operating lease expense is recognized on a straight-line basis over the lease term and are recorded in general and administrative expenses on the condensed consolidated statements of operations and comprehensive loss.

The following table presents the lease cost and information related to the right-of-use assets and operating lease liabilities:

	Three Months Ended June 30,		Six Months Ended June 30,
	2019		2019
Lease cost
Average rent expense	$	62,085	$	124,140
Other information
Cash paid for amounts included in the measurement of operating lease liabilities
Operating cash flows from operating leases	$	62,154	$	124,308

The weighted average remaining lease term and discount rate at June 30, 2019
Weighted-average remaining lease term - operating leases				2.29
Weighted-average discount rate - operating leases				13.22	%

As of June 30, 2019, future payments related to operating leases activities are presented in the table below:

	2019		2020		2021 and Thereafter		Total Lease Payments
Operating leases	$	123,354	$	239,781	$	191,685	$	554,820
Less interest								73,481
Present value of lease liabilities							$	481,339