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Leases (Tables)
9 Months Ended
Sep. 30, 2019
Lessee Disclosure [Abstract]  
Schedule of lease expense

The components of lease expense were as follows:

  

  Three months ended
September 30, 2019
  Nine months ended
September 30, 2019
 
Operating lease cost $ 115,674   $ 353,267  
Finance lease cost            
Amortization of assets   2,025     6,558  
Interest on finance lease obligations   1,763     5,723  
Total net lease cost $ 119,462   $ 365,548  
Schedule of supplemental balance sheet information related to leases

Supplemental balance sheet information related to leases was as follows:

  

  September 30, 2019  

Operating leases:

 

Related Party   Other   Total   
Right of use asset $ 2,975,520   $ 332,869   $ 3,308,389  
                   
Current operating lease liabilities   153,456     79,447     232,903  
Noncurrent operating lease liabilities   3,301,204     286,836     3,588,040  
Total operating lease liabilities $ 3,454,660   $ 366,283   $ 3,820,943  

 

Finance leases: September 30, 2019
Right of use asset, at cost $ 43,041  
Accumulated amortization   (20,086 )
Right of use asset, net $ 22,955  
       
Current obligations of finance leases $ 8,054  
Finance leases, net of current obligations   23,798  
Total finance lease liabilities $ 31,852  
       
Weighted average remaining lease term (in years):      
Operating leases   11.2  
Finance leases   3.2  
       
Weighted average discount rate:      
Operating leases   5.8 %
Finance leases   20.8 %
Schedule of supplemental cash flow information related to leases

Supplemental cash flow and other information related to leases was as follows:

  

  Nine months ended  
  September 30, 2019  
Cash paid for amounts included in the measurement of lease liabilities:      
Operating cash flows from operating leases $ 319,586  
Operating cash flows from finance leases $ 5,723  
Financing cash flows from finance leases $ 4,504  
Schedule of maturities of operating lease liabilities

Maturities of lease liabilities were as follows:

 

Years Ending December 31st,   Operating Leases   Finance Leases  
2019 (remaining three months)   $ 110,773   $ 3,705  
2020     448,992     13,597  
2021     461,657     12,355  
2022     465,758     10,050  
2023     461,310     4,514  
Thereafter     3,308,155      
Total lease payments     5,256,645     44,221  
Less amount representing interest     (1,435,702 )   (12,369 )
Total lease obligations     3,820,943     31,852  
Less current portion     (232,903 )   (8,054 )
Long-term lease obligations   $ 3,588,040   $ 23,798  

  

As previously reported in the 2018 Form 10-K under ASC Topic 840, future minimum lease payments under the Company’s operating lease agreements that had initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2018 were as follows:

 

Years ended December 31st:   Total  
2019   $ 420,370  
2020     421,590  
2021     432,079  
2022     447,264  
2023     460,682  
Thereafter     3,327,705  
Total lease commitments   $ 5,509,690