Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.1
Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Schedule of information relating to leases
Information related to the Company's operating lease liabilities are as follows:

For the Three Months Ended March 31,
Cash paid for operating lease liabilities $ 115,751   
Weighted-average remaining lease term 1.9 years
Weighted-average discount rate 6.25  %
Information related to the Company's financed lease liabilities are as follows:

For the Three Months Ended March 31,
Cash paid for finance lease liabilities 220,216   
Weighted-average remaining lease term 1.0 year
Weighted-average discount rate 6.25  %
Schedule of operating lease maturity
Minimum future lease payments ended March 31, 2020
2020 287,220   
2021 242,558   
2022 163,284   
693,062   
Less imputed interest (45,825)  
Total lease liabilities $ 647,237   
Schedule of finance lease liability
Minimum future lease payments ended March 31, 2020
2020 $ 178,957   
2021 194,376   
373,333   
Less imputed interest (19,062)  
Total lease liabilities $ 354,271