Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.20.1
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Components of Lease Expense

The components of lease expense for the year ended December 31, 2019 were as follows:

 

Operating lease cost   $ 832,403  
Finance lease cost:        
Amortization of right-of-use assets   $ 23,085  
Interest on lease liabilities     6,414  
Total finance lease cost   $ 29,499  

Schedule of Future Minimum Lease Payments Under All Non-cancelable Operating Leases

Future minimum lease payments as of December 31, 2019 under all non-cancelable leases having an initial or remaining term of more than one year were:

 

   

Operating

Leases

   

Finance

Lease

 
2020   917,444     $ 38,412  
2021     1,008,227       38,412  
2022     949,535       27,123  
2023     910,166       23,201  
2024     835,411       3,229  
Thereafter     4,304,441       -  
Total lease payments     8,925,223     $ 130,377  
Less: imputed interest     (2,608,366 )     (16,552 )
    $ 6,316,857     $ 113,825