XML 58 R28.htm IDEA: XBRL DOCUMENT v3.19.3
Commitments (Tables)
12 Months Ended
Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Lease Payments For Capital Leases Following is a schedule by year of the estimated future minimum payments under all operating and capital leases as of December 31, 2018:

Year ending December 31,

 

Capital

Leases

 

 

Operating

Leases

 

 

Total

 

2019

 

$

508,114

 

 

$

1,107,565

 

 

$

1,615,679

 

2020

 

 

408,264

 

 

 

1,125,940

 

 

 

1,534,204

 

2021

 

 

104,579

 

 

 

535,250

 

 

 

639,829

 

2022

 

 

 

 

 

40,080

 

 

 

40,080

 

2023 and thereafter

 

 

 

 

 

 

 

 

 

Total

 

 

1,020,957

 

 

$

2,808,835

 

 

$

3,829,792

 

Less:  amount representing interest

 

 

(96,251

)

 

 

 

 

 

 

 

 

Less:  amount representing service costs

 

 

(88,172

)

 

 

 

 

 

 

 

 

Net present value of future minimum lease payments

 

 

836,534

 

 

 

 

 

 

 

 

 

Current maturities

 

 

(399,345

)

 

 

 

 

 

 

 

 

Long-term maturities

 

$

437,189

 

 

 

 

 

 

 

 

 

 

Schedule of Capital Leased Assets

Assets under capital leases were included in the following balance sheet categories as of December 31:

 

 

 

2018

 

 

2017

 

Laboratory and manufacturing equipment

 

$

1,563,346

 

 

$

850,792

 

Office furniture and equipment

 

 

64,790

 

 

 

64,790

 

Computers and network equipment

 

 

24,350

 

 

 

24,350

 

Less accumulated amortization

 

 

(749,480

)

 

 

(454,471

)

Capital lease assets, net

 

$

903,006

 

 

$

485,461