Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.19.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 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:

 

 

June 30, 2019

 

Operating lease right-of-use assets

 

$

756,337

 

 

 

 

 

 

Operating lease liabilities - Short term

 

$

140,327

 

Operating lease liabilities - Long term

 

 

616,157

 

Total operating lease liabilities

 

$

756,484

 

 

 

 

 

 

Weighted Average Remaining Lease Term In Years

 

 

 

 

Operating leases

 

 

4.22

 

 

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

Operating leases

 

 

5.65

%

Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities are as follows:

Year ended December 31:

 

 

 

 

2019

 

$

93,476

 

2020

 

 

163,224

 

2021

 

 

154,908

 

2022

 

 

160,056

 

2023

 

 

160,056

 

2024

 

 

146,717

 

Total

 

$

878,437

 

  Less: Imputed interest

 

 

(121,953

)

Present value of lease liabilities

 

$

756,484

 

Schedule of Cost Component of Operating Leases

The cost component of operating leases is as follows:

 

 

For the Six Months

Ended June 30, 2019

 

Operating lease cost

 

$

99,320

 

Short-term lease cost

 

 

3,822

 

Total lease cost

 

$

103,142

 

Schedule of Supplemental Cash Flow Information Related to Operating Leases

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

 

 

For the Six Months

Ended June 30, 2019

 

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

 

 

 

 

  Operating cash flows from operating leases

 

$

99,467