Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.19.1
Leases (Tables)
12 Months Ended
Dec. 31, 2018
Leases [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases

Minimum lease payments under non-cancelable operating leases for the periods ended December 31:
 
Lease Payments
2019
$
477,319

2020
405,606

2021
242,558

2022
$
163,284

Total
$
1,288,767

Capital Lease Obligations and Future Minimum Lease Payments
Capital lease obligations and future minimum lease payments under non-cancelable capital leases as of December 31, 2018 are:

 
Lease Payments
2019
$
213,879

2020
82,405

Total payments under capital lease obligations
296,284

Less amount representing interest
(16,546
)
Present value of capital lease obligations
279,738

Current portion of capital lease obligations
(198,769
)
Capital lease obligations, net of current portion
$
80,969

Schedule of Capital Leased Assets
Cost and related accumulated depreciation as of December 31, 2018 and 2017 are as follows:
 
2018
2017
Equipment
$
707,264

$
707,264

Less accumulated depreciation
(441,084
)
(242,169
)
Equipment, net
$
266,180

$
465,095