Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Summary of Components of Lease Cost

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

	Three Months Ended March 31,
	2021		2020
Operating leases
Operating lease cost	$	167,679	$	205,227
Variable lease cost		26,151		9,456
Operating lease expense		193,830		214,683

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

	Three Months Ended March 31,
	2021		2020
Financing leases
Amortization of right-of-use assets	$	7,099	$	12,518
Interest on lease liability		1,665		2,635
Total financing lease cost	$	8,764	$	15,153

Summary of Other Information Related to Operating Leases

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

	Three Months Ended March 31,
	2021			2020
Cash paid for amounts included in measurement of operating lease liabilities	$	172,095		$	218,625
Weighted-average remaining lease term – operating leases		0.8			2.1
Weighted-average discount rate – operating leases		6.3	%		9.6	%

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

Remaining maturities of the Company’s operating leases, excluding short-term leases, included in operating lease liabilities – current in the condensed consolidated balance sheets as of March 31, 2021 are as follows:

2021	$	346,293
2022		38,446
Total		384,739
Less present value discount		(10,793	)
Total operating lease liabilities	$	373,946

Summary of Other Information Related to Financing Leases

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

	Three Months Ended March 31,
	2021			2020
Weighted-average remaining lease term – financing leases		3.3			3.6
Weighted-average discount rate – financing leases		9.77	%		9.77	%

Summary of Remaining Maturities of Financing Leases

As of March 31, 2021, remaining maturities of the Company’s financing leases are as follows:

2021	$	19,785
2022		20,716
2023		18,396
2024		16,080
Total		74,977
Less present value discount		(11,208	)
Financing lease liabilities, net	$	63,769