Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.19.3
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 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:

 

    September 30, 2019  
Operating lease right-of-use assets   $ 714,925  
         
Operating lease liabilities - Short term   $ 135,120  
Operating lease liabilities - Long term     586,170  
Total operating lease liabilities   $ 721,290  
         
Weighted Average Remaining Lease Term In Years        
Operating leases     3.97  
         
Weighted Average Discount Rate        
Operating leases     5.67 %

Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities are as follows:

 

Year ended December 31:        
2019   $ 47,747  
2020     163,224  
2021     154,908  
2022     160,056  
2023     160,056  
2024     146,718  
Total   $ 832,709  
Less: Imputed interest     (111,419 )
Present value of lease liabilities   $ 721,290  

Schedule of Cost Component of Operating Leases

The cost component of operating leases is as follows:

 

   

For the Nine Months

Ended

September 30, 2019

 
Operating lease cost   $ 157,556  
Short-term lease cost     1,719  
Total lease cost   $ 159,275  

Schedule of Supplemental Cash Flow Information Related to Operating Leases

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

 

   

For the Nine Months

Ended

September 30, 2019

 
Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash flows from operating leases   $ 149,101