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Leases
 3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
LEASES

Note 5. LEASES

 

The Company has operating and finance leases for leased office and manufacturing facilities and equipment leases. The Company leases certain machinery and equipment under finance leases and leases its offices and manufacturing facilities under operating leases. The leases have remaining lease terms of one to six years, some of which include options to extend or terminate the leases.

 

   March 31, 
   2020 
Weighted Average Remaining Lease Term - in years   6.11 
Weighted Average discount rate - %   9.50%

 

The aggregate undiscounted cash flows of operating lease payments, with remaining terms greater than one year are as follows:

 

    Amount  
For the twelve months ended   (unaudited)  
December 31, 2020 (remaining nine months)   $ 854,000  
December 31, 2021     1,118,000  
December 31, 2022     868,000  
December 31, 2023     895,000  
December 31, 2024     923,000  
Thereafter     1,681,000  
Total future minimum lease payments     6,339,000  
Less: discount     (1,574,000 )
Total operating lease maturities     4,765,000  
Less: current portion of operating lease liabilities     (722,000 )
Total long term portion of operating lease maturities   $ 4,043,000