Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Summary of Components of Lease Cost

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

	March 31,
	2019
Operating leases
Operating lease cost	$	96,181
Variable lease cost		21,451
Operating lease expense		117,632
Short-term lease rent expense		1,497
Total rent expense	$	119,129

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

	March 31,
	2019
Financing leases
Amortization of right-of-use assets	$	14,696
Interest on lease liability		2,146
Total financing lease cost	$	16,842

Summary of Other Information Related to Operating Leases

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

	March 31,
	2019
Operating cash flows from operating leases	$	136,272
Right-of-use assets exchanged for operating lease liabilities	$	1,033,107
Weighted-average remaining lease term – operating leases	1.9
Weighted-average discount rate – operating leases		9.6	%

Summary of Remaining Maturities of Operating Leases, Excluding Short-term Leases

As of March 31, 2019, remaining maturities of our operating leases, excluding short-term leases, are as follows:

2019	$	409,868
2020		544,349
2021		54,541
Total		1,008,758
Less present value discount		(88,616	)
Operating lease liabilities, net	$	920,142

Summary of Lease Commitments

Lease commitments as presented under ASC 840 as of December 31, 2018 were as follows:

2019	$	525,745
2020		528,225
2021		53,907
2022		10,768
2023		10,768
2024 and beyond		43,073
		1,172,486

Summary of Other Information Related to Financing Leases

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

	March 31,
	2019
Weighted-average remaining lease term – financing leases		2.3
Weighted-average discount rate – financing leases		9.77	%

Summary of Remaining Maturities of Financing Leases

As of March 31, 2019, remaining maturities of our financing leases are as follows:

2019	$	36,206
2020		33,992
2021		12,275
2022		4,636
2023		2,316
Total		89,425
Less present value discount		(10,761	)
Financing lease liabilities, net	$	78,664