Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Summary of Components of Lease Cost

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Operating leases
Operating lease cost	$	182,287	$	174,581	$	570,163	$	435,312
Variable lease cost		36,554		36,210		89,716		89,468
Operating lease expense		218,841		210,791		659,879		524,780
Short-term lease rent expense		—		—		—		1,497
Total rent expense	$	218,841	$	210,791	$	659,879	$	526,277

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Financing leases
Amortization of right-of-use assets	$	10,035	$	10,128	$	34,033	$	36,908
Interest on lease liability		2,092		1,559		7,074		5,528
Total financing lease cost	$	12,127	$	11,687	$	41,107	$	42,436

Summary of Other Information Related to Operating Leases

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

	Nine Months Ended September 30,
	2020			2019
Operating cash flows for operating leases	$	665,095		$	550,024
Establishment of operating lease liabilities arising from obtaining right-of-use assets	$	21,078		$	2,038,193
Weighted-average remaining lease term – operating leases		1.9			2.4
Weighted-average discount rate – operating leases		9.6	%		9.6	%

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

As of September 30, 2020, remaining maturities of our operating leases, excluding short-term leases, are as follows:

2020	$	218,157
2021		340,970
2022		281,232
2023		70,848
Total		911,207
Less present value discount		(84,311	)
Operating lease liabilities, net	$	826,896

Summary of Other Information Related to Financing Leases

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

	Nine Months Ended September 30,
	2020			2019
Weighted-average remaining lease term – financing leases		3.5			2.0
Weighted-average discount rate – financing leases		9.77	%		9.77	%

Summary of Remaining Maturities of Financing Leases

As of September 30, 2020, remaining maturities of our financing leases are as follows:

2020	$	10,445
2021		28,355
2022		20,716
2023		18,396
2024		16,080
Total		93,992
Less present value discount		(14,737	)
Financing lease liabilities, net	$	79,255