Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Summary of Operating Leases

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

	Three Months Ended March 31, 2020			Three Months Ended March 31, 2019
Operating leases
Operating lease cost	$	442,828		$	534,967
Variable lease cost	189,283			89,844
Operating lease expense	632,111			624,811
Short-term lease rent expense	4,157			4,192
Total rent expense	$	636,268		$	629,003
Other information
Operating cash flows from operating leases	$	444,693		$	523,965
Right of use assets exchanged for operating lease liabilities	$	—		$	3,484,234
Weighted-average remaining lease term – operating leases	2.6 years			1.6 years
Weighted-average discount rate – operating leases	6.8		%	6.8		%

Future Minimum Rental Payments Under Operating Leases

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

Year ending December 31, 2020 (remaining)	$	1,190,129
Year ending December 31, 2021	1,054,873
Year ending December 31, 2022	591,925
Year ending December 31, 2023	234,327
Year ending December 31, 2024	97,423
Total	$	3,168,677
Less present value discount	(257,580		)
Operating lease liabilities	$	2,911,097