Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases Tables Abstract

Lease cost

	THREE MONTHS ENDED
	MARCH 31,
	2019
	(Unaudited)
Operating lease expense	$	59,000
Finance lease expense:
Amortization of right of use assets	$	139,035
Interest on finance lease liabilities		69,735
Total finance lease expense	$	208,770

Supplemental information related to leases

Supplemental cash flow information related to leases was as follows:

	THREE MONTHS ENDED
	MARCH 31,
	2019
	(Unaudited)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	47,573
Operating cash flows from finance leases		69,735
Financing cash flows from finance leases		122,300

Supplemental balance sheet information related to leases was as follows:

	MARCH 31,
	2019
	(Unaudited)
Operating lease right of use assets, net	$	5,969,894
Current portion of finance leases		481,562
Finance leases, net of current portion		5,594,671
Weighted average remaining lease term
Operating leases		12.3
Finance leases		1.8
Weighted average discount rate
Operating leases		5	%
Finance leases		5	%

Maturities of lease liabilities

	Operating Leases		Finance Leases
2019	$	681,960	$	97,417
2020		650,944		121,934
2021		694,063		-
2022		680,233		-
2023		665,728		-
Thereafter		4,605,847		-
Total undiscounted operating lease payments		7,978,775		171,710
Less: Imputed interest		2,106,613		15,280
Total finance lease liability	$	5,872,162	$	204,071