XML 35 R32.htm IDEA: XBRL DOCUMENT v3.19.3
Leases (Tables)
 9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Schedule of Lease Expense

The components of lease expense were as follows:

 

   

Nine Months Ended

September 30, 2019

  
       
Operating leases   $ 48,020  
Interest on lease liabilities     5,065  
Total net lease cost   $ 53,085  
Schedule of Supplemental Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

 

    September 30, 2019  
Operating leases:        
Operating lease ROU assets   $ 195,797  
         
Current operating lease liabilities, included in current liabilities   $ 20,040  
Noncurrent operating lease liabilities, included in long-term liabilities     175,757  
Total operating lease liabilities   $ 195,797  

 

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   $ 35,015  
ROU assets obtained in exchange for lease liabilities:        
Operating leases   $ 230,812  
Weighted average remaining lease term (in years):        
Operating leases     2.42  
Weighted average discount rate:        
Operating leases     5 %
Schedule of Future Minimum Payments

Total future minimum payments required under the lease obligations as of September 30, 2019 are as follows:

 

Twelve Months Ending December 31,      
2019 (thereafter)   $ 20,040  
2020     80,160  
2021     80,160  
2022     15,437  
Total lease payments   $ 195,797  
Less: amounts representing interest     (11,602 )
Total lease obligations   $ 184,195