Leases

The Company leases facilities and office equipment under various operating leases, which generally are expected to be renewed or replaced by other leases. For the three-month periods ended March 31, 2019 and 2018, operating lease expense totaled $103,522 and $71,839, respectively.

Maturities of lease liabilities are as follows at March 31, 2019.



	March 31, 2019
	Operating Leases
2019 (Remaining 9 months)	$	226,743
2020	336,301
2021	336,644
2022	344,554
2023	350,915
Thereafter	1,823,669
Total minimum lease payments	$	3,418,826
Less imputed interest	$	(669,333	)
Total lease liabilities	$	2,749,493