XML 59 R34.htm IDEA: XBRL DOCUMENT v3.20.1
Operating Leases (Tables)
12 Months Ended
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