v3.19.2
Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Summary of Lease Cost and Information Related to the Right-of-Use Assets and Operating Lease Liabilities

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

%

 

Schedule of Future Payments Related to Operating Leases Activities

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