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Leases (Tables)

6 Months Ended

Jun. 30, 2019

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

	Three Months Ended		Six Months Ended
	June 30, 2019		June 30, 2019
Operating leases
Operating lease cost	$	164,550	$	260,731
Variable lease cost		31,807		53,258
Operating lease expense		196,357		313,989
Short-term lease rent expense		—		1,497
Total rent expense	$	196,357	$	315,486

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

	Three Months Ended		Six Months Ended
	June 30, 2019		June 30, 2019
Financing leases
Amortization of right-of-use assets	$	12,084	$	26,780
Interest on lease liability		1,823		3,969
Total financing lease cost	$	13,907	$	30,749

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


	Six Months Ended or As of June 30, 2019
Operating cash flows from operating leases	$	338,089
Establishment of operating lease liabilities arising from obtaining right-of-use assets	$	1,927,652
Weighted-average remaining lease term – operating leases		2.7
Weighted-average discount rate – operating leases		9.6	%

As of June 30, 2019, remaining maturities of our operating leases, excluding short-term leases, are as follows:

Six months ended December 31, 2019	$	402,451
2020		809,597
2021		327,421
2022		281,232
2023		70,847
Total		1,891,548
Less present value discount		(231,899	)
Operating lease liabilities, net	$	1,659,649

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

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

	June 30,
	2019
Weighted-average remaining lease term – financing leases		2.2
Weighted-average discount rate – financing leases		9.77	%

As of June 30, 2019, remaining maturities of our financing leases are as follows:

2019	$	24,122
2020		33,992
2021		12,275
2022		4,636
2023		2,316
Total		77,341
Less present value discount		(10,123	)
Financing lease liabilities, net	$	67,218