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 nine month periods ended September 30, 2019, operating lease expenses totaled $119,435 and $342,392, compared to $123,115 and $318,069 for the three and nine month periods ended September 30, 2018, respectively.

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



	September 30, 2019
	Operating Leases
2019 (Remaining 3 months)	$	95,276
2020	356,184
2021	343,424
2022	351,334
2023	357,695
Thereafter	1,825,929
Total minimum lease payments	3,329,842
Less imputed interest	(629,100		)
Total lease liabilities	$	2,700,742