Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.19.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2019
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:

 

 

March 31,

2019

 

Operating lease right-of-use assets

 

$

132,264

 

 

 

 

 

 

Operating lease liabilities - Short term

 

 

132,465

 

Total operating lease liabilities

 

$

132,465

 

 

 

 

 

 

Weighted Average Remaining Lease Term

 

 

 

 

Operating leases

 

Less than 1 year

 

 

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

Operating leases

 

 

4.73

%

Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities are as follows:

Year ended December 31:

 

 

 

 

2019

 

 

126,334

 

2020

 

 

8,784

 

Total

 

$

135,118

 

  Less: Imputed interest

 

 

(2,653

)

Present value of lease liabilities

 

$

132,465

 

Schedule of Cost Component of Operating Leases

The cost component of operating leases is as follows:

 

 

For the Three Months

Ended March 31, 2019

 

Operating lease cost

 

 

49,448

 

Short-term lease cost

 

 

224

 

Total lease cost

 

$

49,672

 

Schedule of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases is as follows:

 

 

For the Three Months

Ended March 31, 2019

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

  Operating cash flows from operating leases

 

 

49,246