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 and six month periods ended June 30, 2019, operating lease expense totaled $119,435 and $278,057, compared to $123,115 and $211,089 for the three and six month periods ended June 30, 2018, respectively.

Maturities of lease liabilities are as follows at June 30, 2019.



	June 30, 2019
	Operating Leases
2019 (Remaining 6 months)	$	186,396
2020	356,184
2021	343,424
2022	351,334
2023	357,695
Thereafter	1,825,929
Total minimum lease payments	3,420,962
Less imputed interest	(654,347		)
Total lease liabilities	$	2,766,615