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Commitments and Contingencies (Tables) | 12 Months Ended
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Dec. 31, 2020
Commitments and Contingencies [Abstract] |
Summary of Lease Obligations and Remaining Payments | The table below summarizes the Company’s lease obligations and remaining payments at December 31, 2020:
|  |  |  | December 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 | 2.3 | $ | 150,918 |  | $ | 134,099 |  | $ | 215,556 |  | $ | 186,323
Indiana Auto Lease | Operating | Feb 2021 | 0.2 |  | 1,157 |  |  | 821 |  |  | 5,999 |  |  | 5,533
Indiana Well Lease | Operating | Dec 2048 | 28.0 |  | 686,809 |  |  | 217,890 |  |  | 702,341 |  |  | 223,238
Total leases |  |  |  | $ | 838,884 |  | $ | 352,810 |  | $ | 923,896 |  | $ | 415,094
Less: current portion |  |  |  |  | (83,571) |  |  | (62,483) |  |  | (85,011) |  |  | (62,286)
Long-term leases |  |  |  | $ | 755,313 |  | $ | 290,327 |  | $ | 838,885 |  | $ | 352,808
Summary of Remaining Payments under Leases | Remaining payments under leases are as follows at December 31, 2020:
Year | Office |  | Auto |  | Well |  | Amount
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
2025 |  | — |  |  | — |  |  | 18,006 |  |  | 18,006
Thereafter |  | — |  |  | — |  |  | 601,873 |  |  | 601,873
Total Lease Payments | $ | 150,919 |  | $ | 1,157 |  | $ | 686,808 |  | $ | 838,884

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- Definition Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 40 -Subparagraph (Note 1,3) -URI http://asc.fasb.org/extlink&oid=121580752&loc=d3e38371-112697 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121573735&loc=d3e41499-112717 Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121555522&loc=d3e12069-110248 Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121573735&loc=d3e41502-112717 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121549808&loc=d3e36991-112694 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121573735&loc=d3e41502-112717 + Details
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