Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.3
Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Schedule of information relating to leases
Information related to the Company's operating lease liabilities are as follows:

For the Nine Months Ended September 30,
Cash paid for operating lease liabilities $ 316,416   
Weighted-average remaining lease term 2.3 years
Weighted-average discount rate 6.25  %
Schedule of operating lease maturity
Minimum future lease payments ended September 30, 2019
2019 $ 121,041   
2020 408,262   
2021 242,558   
2022 163,284   
935,145   
Less imputed interest (70,040)  
Total lease liabilities $ 865,105   
Schedule of financed lease liabilities
Information related to the Company's financed lease liabilities are as follows:

For the Nine Months Ended September 30,
Cash paid for finance lease liabilities $ 223,471   
Weighted-average remaining lease term 1.0 year
Weighted-average discount rate 6.25  %
Schedule of finance lease liability
Minimum future lease payments ended September 30, 2019
2019 $ 49,812   
2020 82,405   
132,217   
Less imputed interest (3,888)  
Total lease liabilities $ 128,329