Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2020
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, 2020  
Operating lease right-of-use assets   $ 781,674  
Operating lease liabilities - Short term     167,864  
Operating lease liabilities - Long term     627,723  
Total operating lease liabilities   $ 795,587  
Weighted Average Remaining Lease Term In Years        
 Operating leases     4.21  
Weighted Average Discount Rate        
 Operating leases     5.70 %

Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities are as follows:


Year ended December 31:      
2020   $ 156,549  
2021     210,561  
2022     217,379  
2023     169,657  
2024     146,718  
Total     900,864  
Less: Imputed interest     (105,277 )
Present value of lease liabilities   $ 795,587  

Schedule of Cost Component of Operating Leases

The cost component of operating leases is as follows:



For the Three Months

Ended March 31, 2020

Operating lease cost     55,198  
Short-term lease cost     274  
Total lease cost   $ 55,472  

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, 2020

Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash flows from operating leases   $ 56,429