14. Leases

We lease our production facilities and administrative offices as well as certain equipment used in our operations including leases on transportation equipment used in the delivery of our products. The lease terms range from monthly to seven years. We occupy a 51,000 square foot facility and a 17,500 square foot facility in Wixom, Michigan under a lease expiring in August 2021. We also occupy two other manufacturing facilities, a 51,000 square foot facility in Grapevine, Texas under a lease expiring in December 2020, and a 57,000 square foot facility in Greer, South Carolina under a lease expiring February 2020. In addition, we occupy a 1,408 square foot office space in Greer, South Carolina under a lease expiring April 2021 and on December 28, 2018 we executed a lease for 4,100 square feet of office space in Hackensack, New Jersey with a lease term commencing in July 2019 and expiring on July 1, 2024.

At September 30, 2019, the Company had operating lease liabilities of $3.0 million and right-of-use assets of $3.0 million, which are included in the consolidated balance sheet.

The following summarizes quantitative information about the Company’s operating leases:


		Three Months Ended		Nine Months Ended
		September 30, 2019		September 30, 2019
Operating leases
Operating lease cost	$	531,709	$	1,591,686
Variable lease cost		90,411		258,492
Operating lease expense		622,120		1,850,178
Short-term lease rent expense		4,157		12,470
Total rent expense	$	626,277	$	1,862,648

Other information
Operating cash flows from operating leases	$	493,872	$	1,531,953
Right of use assets exchanged for operating lease liabilities	$	136,124	$	4,441,553
Weighted-average remaining lease term – operating leases		1.8		1.8
Weighted-average discount rate – operating leases		6.8%		6.8%

Future minimum rental payments under operating lease agreements are as follows:


Three months ended December 31, 2019	$	479,345
Year ending December 31, 2020		1,433,260
Year ending December 31, 2021		811,097
Year ending December 31, 2022		346,649
Year ending December 31, 2023		197,130
Year ending December 31, 2024		97,423
Total	$	3,364,904
Less present value discount		(293,365)
Operating lease liabilities	$	3,071,539