Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.2
Leases (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Schedule of lease balances within our condensed consolidated balance sheet
    September 30,
2020
    December 31,
2019
 
Right to use assets, operating lease assets   $ 8,109,184     $ 7,628,591  
                 
Current lease liability   $ 2,037,537     $ 1,836,700  
Non-current lease liability     6,307,463       5,807,266  
    $ 8,345,000     $ 7,643,966  
Schedule of other information related to leases
    September 30,
2020
    September 30,
2019
 
Weighted average remaining lease term     2.98       3.9 years  
Weighted average discount rate     7.6 %     7.6 %
Schedule of operating lease assets

    Three Months Ended  
    September 30,
2020
    September 30,
2019
 
Operating lease costs   $ 934,455     $ 724,324  
Short-term lease costs     2,450       2,450  
Total operating lease costs   $ 936,905     $ 726,774  

 

    Nine Months Ended  
    September 30,
2020
    September 30,
2019
 
Operating lease costs   $ 2,660,291     $ 1,723,075  
Short-term lease costs     22,050       22,050  
Total operating lease costs   $ 2,682,341     $ 1,745,125  
Schedule of future minimum rental payments
       
2020 (remainder of the year)   $ 728,304  
2021     2,882,605  
2022     2,442,374  
2023     1,907,782  
2024     1,121,033  
Thereafter     2,963,252  
Total lease payments     12,045,350  
Less: Imputed interest     (3,700,350 )
Lease Liability at September 30, 2020   $ 8,345,000