Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases

Schedule of components of lease expense

The components of lease cost were as follows:

	Nine Months Ended
	September 30, 2020
Operating lease cost	$	971,282
Finance lease cost:
Amortization of right-of-use assets	$	30,143
Interest on finance lease liabilities		7,747
		37,890
Total lease cost	$	1,009,172

Schedule of other information related to leases

Other information related to leases was as follows:

	Nine Months Ended
Supplemental Cash Flows Information	September 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	912,008
Operating cash flows from finance leases	$	58,058
Financing cash flows from finance leases	$	50,311
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	4,288,364
Finance leases	$	202,619
Weighted-Average Remaining Lease Term
Operating leases		7.5 years
Finance leases		3.0 years
Weighted-Average Discount Rate
Operating leases		6.8	%
Finance leases		5.4	%

Schedule of future minimum lease payments under non-cancellable leases

Future minimum lease payments under non-cancellable leases as of September 30, 2020 were as follows:

	Operating		Finance
Years Ending December 31,	Leases		Leases
2020 (excluding the nine months ended September 30, 2020)	$	277,982	$	23,212
2021		2,606,382		65,976
2022		2,718,603		57,329
2023		2,211,252		56,211
2024		2,131,805		—
2025		1,894,325		—
Thereafter		7,196,727		—
Total future minimum lease payments		19,037,076		202,728
Less imputed interest		(10,555,273)		(15,458)
Total	$	8,481,803	$	187,270

	Operating		Finance
Reported as of September 30, 2020	Leases		Leases
Current lease liabilities	$	666,929	$	63,616
Noncurrent lease liabilities		7,814,874		123,654
Total	$	8,481,803	$	187,270