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Operating Leases (Tables)
9 Months Ended
Sep. 30, 2020
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:

 

 

 

September 30, 2020

 

Operating lease obligations (see Note 6 and 9)

 

$

1,888,604

 

Operating lease right-of-use assets

 

$

939,855

 

Weighted-average remaining lease term

 

 

4.58

 

Weighted-average discount rate

 

 

7.4

%

Summary of Maturities of Lease Liabilities

Maturities of lease liabilities is as follows:

Year ending December 31,

 

 

 

 

The remainder of 2020

 

$

97,298

 

2021

 

 

475,372

 

2022

 

 

484,484

 

2023

 

 

493,868

 

2024

 

 

503,535

 

2025 and thereafter

 

 

168,929

 

Total lease payments

 

 

2,223,486

 

Less imputed interest

 

 

(334,882

)

Total

 

$

1,888,604