The Company leases office space under agreements classified as operating leases. The Company’s active leases as of September 30, 2022 are for office and manufacturing space in Tucson, Arizona, which expire in 2025. The Company’s leases do not include any contingent rental payments, impose any financial restrictions, or contain any residual value guarantees.

The table below summarizes other information related to the Company’s operating leases:


	Nine Months Ended September 30,
	2022			2021
Cash paid for amounts included in measurement of operating lease liabilities	$	360,355		$	403,012
Establishment of operating lease liabilities arising from obtaining right-of-use- assets		—			1,302,457
Weighted-average remaining lease term – operating leases		2.3			3.3
Weighted-average discount rate – operating leases		5.8	%		5.8	%

Remaining maturities of the Company’s operating leases, included in operating lease liabilities – current and operating lease liabilities - non-current, net of discount, in the condensed consolidated balance sheets as of September 30, 2022 are as follows:


2022	$	121,193
2023		484,719
2024		484,631
2025		40,382
Total		1,130,925
Less present value discount		(74,941	)
Total operating lease liabilities		1,055,984
Less operating lease liabilities - current		(435,377	)
Operating lease liabilities - non-current	$	620,607

The Company has computer and copier equipment leases that are classified as financing leases. Incremental borrowing rates used to discount future lease payments in calculating lease liabilities were estimated by reference to information received by the Company from bankers regarding estimated current borrowing rates for collateralized loans with similar amount and duration as the leases. The Company does not have any material financing leases where it acts as a lessor.

The components of lease cost for financing leases were as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Financing leases
Amortization of right-of-use assets	$	3,855	$	5,444	$	12,836	$	18,501
Interest on lease liability		921		1,369		3,082		4,544
Total financing lease cost	$	4,776	$	6,813	$	15,918	$	23,045

The table below summarizes other information related to the Company’s financing leases:


	Nine Months Ended September 30,
	2022			2021
Weighted-average remaining lease term – financing leases		2.2			3.0
Weighted-average discount rate – financing leases		9.77	%		9.77	%

As of September 30, 2022, remaining maturities of the Company’s financing leases are as follows:


2022	$	4,599
2023		18,396
2024		16,080
Total		39,075
Less present value discount		(3,998	)
Financing lease liabilities, net	$	35,077

Financing lease liabilities net of discount of $15,658 and $19,419 were included in other current liabilities and other non-current liabilities, respectively, and financing right-of-use assets of $30,816 were included in property and equipment, net, in the condensed consolidated balance sheets as of September 30, 2022.