v3.20.1
Leases (Tables)
12 Months Ended
Dec. 31, 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:    

 

 

 

Year Ended

 

 

 

December 31, 2019

 

Lease cost

 

 

 

 

Average rent expense

 

$

242,690

 

Other information

 

 

 

 

Cash paid for amounts included in

   the measurement of operating lease liabilities

 

$

242,581

 

 

 

 

 

 

The weighted average remaining lease

   term and discount rate at December 31, 2019

 

 

 

 

Weighted-average remaining lease term - operating leases

 

 

1.58

 

Weighted-average discount rate - operating leases

 

 

13.28

%

Schedule of Future Payments Related to Operating Leases Activities

 

As of December 31, 2019, future payments related to operating leases activities are presented in the table below:

 

 

 

2020

 

 

2021

 

 

2022 and

Thereafter

 

 

Total

 

Operating leases

 

$

117,781

 

 

$

69,685

 

 

$

 

 

$

187,466

 

Less interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(17,473

)

Present value of lease liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

$

169,993