Leases (Tables)

12 Months Ended

Dec. 31, 2019

The components of lease cost were as follows:

Other information related to leases was as follows:


	Year Ended
Supplemental Cash Flows Information	December 31, 2019

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	759,868
Operating cash flows from finance leases	$	2,749
Financing cash flows from finance leases	$	23,191

Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	3,164,950
Finance leases	$	—

Weighted-Average Remaining Lease Term
Operating leases		6.8 years
Finance leases		1.3 years

Weighted-Average Discount Rate
Operating leases		7.24	%
Finance leases		6.0	%

Future minimum lease payments under non-cancellable leases that have commenced as of December 31, 2019 were as follows:


Years Ending December 31,	Operating Leases		Finance Leases
2020		989,746		25,940
2021		996,349		8,647
2022		1,006,151		—
2023		674,731		—
2024		615,157		—
Thereafter		1,839,429		—
Total future minimum lease payments		6,121,563		34,587
Less imputed interest		(1,354,426)		(1,431)
Total	$	4,767,137	$	33,156


	Operating		Finance
Reported as of December 31, 2019	Leases		Leases
Current lease liabilities	$	665,901	$	24,617
Noncurrent lease liabilities		4,101,236		8,539
Total	$	4,767,137	$	33,156

Estimated annual future minimum payments related to the Company’s leases were as follows at December 31, 2018:


	Operating		Capital
Years Ending December 31,	Leases		Leases
2019	$	525,592	$	25,940
2020		537,742		25,940
2021		538,893		8,647
2022		542,790		—
2023		198,219		—
Thereafter		109,773		—
Total minimum lease payments	$	2,453,009		60,527
Amount representing interest at 6%				(4,180)
Present value of future minimum capital lease obligations				56,347
Current portion				(23,191)
			$	33,156