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Operating Leases (Tables) | 12 Months Ended
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Dec. 31, 2019
Operating Leases - Schedule Of Maturities Of Lease Liabilities |
Schedule of Components of Lease Expense and Supplemental Cash Flow Information | The components of lease expense and supplemental cash flow information related to leases for the period are as follows:
|  | Year Ended December 31, 2019 |
Lease Cost |  |  |  |
Operating lease cost (included in general and administrative expenses in the Company’s statement of operations) |  | $ | 326,662 |
Other Information |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities for the year ended December 31, 2019 |  | $ | 321,906 |
Weighted average remaining lease term – operating leases (in years) |  |  | 1.7 |
Average discount rate – operating leases |  |  | 4.0 | %
Schedule of Supplemental Balance Sheet Information Related to Leases | The supplemental balance sheet information related to leases for the period is as follows:
|  | At December 31, 2019 |
Operating leases |  |  |  |
Long-term right-of-use assets |  | $ | 506,924 |
Short-term operating lease liabilities |  | $ | 318,914 |
Long-term operating lease liabilities |  |  | 192,778 |
Total operating lease liabilities |  | $ | 511,692 |
Schedule of Maturities of Lease liabilities | Maturities of the Company’s lease liabilities are as follows (in thousands):
Year Ending December 31, |  | Operating Leases |
2020 |  | $ | 345,450 |
2021 |  |  | 161,574 |
2022 |  |  | 34,564 |
Total lease payments |  |  | 541,588 |
Less: Imputed interest |  |  | (29,896 | )
Present value of lease liabilities |  | $ | 511,692 |

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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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