Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Summary of quantitative operating lease information

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

	For the year ended December 31,
	2019
Operating leases
Operating lease cost	$	2,076,037
Variable lease cost	317,788
Operating lease expense	2,393,825
Short-term lease rent expense	16,626
Total rent expense	$	2,410,451
Other information
Operating cash flows from operating leases	$	2,014,548
Right of use assets exchanged for operating lease liabilities	$	5,077,068
Weighted-average remaining lease term - operating leases	1.9
Weighted-average discount rate - operating leases	6.8		%

Schedule of future minimum rental payments under operating lease agreements

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

Year ending December 31, 2020	$	1,623,260
Year ending December 31, 2021	1,044,798
Year ending December 31, 2022	587,189
Year ending December 31, 2023	237,410
Year ending December 31, 2024	97,423
Total	3,590,080
Less present value discount	(316,060		)
Operating lease liabilities.	$	3,274,020