Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.20.1
Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of Information Relating to Leases
Information related to the Company's operating lease liabilities are as follows:

December 31, 2019
Cash paid for operating lease liabilities $ 451,107   
Weighted-average remaining lease term 2.0 years
Weighted-average discount rate 6.25  %
Information related to the Company's financed lease liabilities are as follows:
December 31, 2019
Cash paid for finance lease liabilities $ 270,312   
Weighted-average remaining lease term
Less than one year
Weighted-average discount rate 6.25  %
Schedule of Operating Lease Maturity
Minimum future lease payments ended December 31, 2019
2020 408,263   
2021 242,558   
2022 163,284   
814,105   
Less imputed interest (57,084)  
Total lease liabilities $ 757,021   
Schedule of Finance Lease Liability
Minimum future lease payments ended December 31, 2019
2020 82,405   
82,405   
Less imputed interest (1,628)  
Total lease liabilities $ 80,777