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Lease Obligations (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Summary of Supplemental other Information Related to Operating Leases Balance Sheet

Supplemental other information related to the operating leases balance sheet information is as follows:

 

 

 

December 31, 2019

 

Operating lease obligations

 

$

1,744,128

 

Right of use asset

 

$

698,321

 

Weighted-average remaining lease term

 

 

5.33

 

Weighted-average discount rate

 

 

8.0

%

Summary of Maturities of Lease Liabilities

 

Maturities of lease liabilities are as follows:

 

Year ending December 31,

 

 

 

 

2020

 

$

387,079

 

2021

 

 

393,542

 

2022

 

 

400,198

 

2023

 

 

407,054

 

2024

 

 

414,117

 

2025 and thereafter

 

 

138,831

 

Total lease payments

 

 

2,140,821

 

Less imputed interest

 

 

(396,693

)

Total

 

$

1,744,128