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Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Operating lease obligations and remaining payments

The table below summarizes the Company’s lease obligations and remaining payments at March 31, 2020:

				March 31, 2020							December 31, 2019
	Lease Type	End Date	Remaining Years	Remaining Payments			Lease Liability				Remaining Payments			Lease Liability
Maynard Office Lease	Operating	Mar 2023	3.0	$	199,545		$	173,646			$	215,556		$	186,323
Indiana Auto Lease	Operating	Feb 2021	0.9	4,789			4,389				5,999			5,533
Indiana Well Lease	Operating	Dec 2048	28.8	698,458			221,901				702,341			223,238
Total leases				$	902,792		$	399,936			$	923,896		$	415,094
Less: current portion				(85,519		)	(62,939		)		(85,011		)	(62,286		)
Long-term leases				$	817,273		$	336,997			$	838,885		$	352,808

Remaining payments under leases

Remaining payments under leases are as follows at March 31, 2020:

Year		Office			Auto			Well			Amount
2020		$	48,626		$	3,632		$	11,649		$	63,907
2021		66,416			1,157			15,998			83,571
2022		67,602			—			16,478			84,080
2023		16,901			—			16,972			33,873
2024		—			—			17,481			17,481
Thereafter		—			—			619,880			619,880
Total Lease Payments		$	199,545		$	4,789		$	698,458		$	902,792

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980

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X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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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