Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2019

Commitments and Contingencies Disclosure [Abstract]

Schedule of Operating Leases

Supplemental balance sheet information related to leases was as follows:

Operating Leases	Classification	September 30, 2019
Right-of-use assets	Operating right of use assets	$	568,127
Current lease liabilities	Current operating lease liabilities	$	95,755
Non-current lease liabilities	Long-term operating lease liabilities		472,372
Total lease liabilities		$	568,127

Summary of Operating Lease Liabilities

Lease term and discount rate were as follows:

	September 30, 2019
Weighted average remaining lease term (years)		5.18
Weighted average discount rate		5.91	%

Schedule of Lease Cost

The component of lease costs were as follows:

	Three months ended September 30, 2019
Operating lease cost	$	50,939
Variable lease cost		-
Total lease costs	$	50,939

The component of lease costs were as follows:

	Nine months ended September 30, 2019
Operating lease cost	$	92,813
Variable lease cost		-
Total lease costs	$	92,813

Schedule of Cash Flow Information Related to Leases

Supplemental disclosures of cash flow information related to leases were as follows:

	September 30, 2019
Cash paid for operating lease liabilities	$	67,486
Operating right of use assets obtained in exchange for operating lease liabilities	$	635,613

Schedule of Maturities of Operating Lease Liabilities

Maturities of lease liabilities were as follows as of September 30, 2019:

	Trebor Industries Office Lease			BMG Office Lease			Copier			Total lease payments
Remainder of 2019	$	14,510		$	14,546		$	2,097		$	31,153
2020		59,339			59,927			8,388			127,654
2021		61,119			61,725			8,388			131,232
2022		62,953			63,576			8,388			134,917
2023 and thereafter		114,559			116,070			2,796			233,425
Total		312,480			315,844			30,057			658,831
Less: Imputed interest		(43,263	)		(43,961	)		(3,031	)		(90,254	)
Present value of lease liabilities	$	269,217		$	271,833		$	27,028		$	568,127