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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Summary of lease information
The following table summarizes lease information as of and for the year ended December 31, 2019:
 
 
Lease cost
     
Operating lease cost
  $10,190,243 
Finance lease cost:
     
Amortization of
right-of-use
assets
   22,088 
Interest on lease liabilities
   11,285 
Short-term lease cost
   28,800 
   
 
 
 
Total lease cost
  $10,252,416 
   
 
 
 
Other information
     
Operating cash flows from operating leases
  $9,901,889 
Operating cash flows from finance leases
   11,285 
Financing cash flows from finance leases
   67,492 
Right-of-use
assets obtained in exchange for new operating lease liabilities
   5,523,800 
Right-of-use
assets obtained in exchange for new finance lease liabilities
   —   
Weighted-average remaining lease term – operating leases
   
6.6
years
 
Weighted-average remaining lease term – finance leases
   
26.0
years
 
Weighted-average discount rate – operating leases
   
8.5
Weighted-average discount rate – finance leases
   
3.9
Schedule of future minimum lease payments
As of December 31, 2019, future minimum payments for operating and finance leases for the next five years and thereafter are summarized as follows: 
 
2020
  $10,572,301 
2021
   9,445,943 
2022
   8,196,446 
2023
   6,825,678 
2024
   5,587,119 
Thereafter
   18,051,059 
   
 
 
 
Total lease payments
   58,678,546 
Less imputed interest
   (16,461,038
   
 
 
 
Present value of lease liabilities
  $42,217,508 
   
 
 
 
As of December 31, 2018, future minimum payments for operating and finance leases for the next five years and thereafter were summarized as follows:
 
 
2019
  $9,800,202 
2020
   9,946,823 
2021
   8,881,584 
2022
   7,662,679 
2023
   6,305,127 
Thereafter
   19,974,004 
   
 
 
 
Total
  $62,570,419