Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.2
Leases (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Schedule of lease balances within our condensed consolidated balance sheet

    June 30,
2020
    December 31,
2019
 
Right to use assets, operating lease assets   $ 7,630,644     $ 7,628,591  
                 
Current lease liability   $ 1,959,124     $ 1,836,700  
Non-current lease liability     5,843,739       5,807,266  
    $ 7,802,863     $ 7,643,966  

 

Schedule of other information related to leases

    June 30,
2020
    June 30,
2019
 
Weighted average remaining lease term     3.44 years       3.75 years  
Weighted average discount rate     7.6 %     7.6 %

 

Schedule of operating lease assets

    June 30,
2020
    June 30,
2019
 
Operating lease costs   $ 1,713,505     $ 1,136,339  
Short-term lease costs     31,932       19,114  
Total operating lease costs   $ 1,745,437     $ 1,155,453  

 

Schedule of future minimum rental payments

The following table presents the maturity of the Company's operating lease liabilities as of June 30, 2020:      
       
2020 (remainder of the year)   $ 1,360,110  
2021     2,721,296  
2022     2,276,428  
2023     1,737,060  
2024     945,391  
Thereafter     2,191,974  
Total lease payments     11,232,259  
Less: Imputed interest     (3,429,396 )
Lease Liability at June 30, 2020   $ 7,802,863