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Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Summary of Lease Cost and Information Related to the Right-of-Use Assets and Operating Lease Liabilities

The following table presents the lease cost and information related to the right-of-use assets and operating lease liabilities: 

 

 

Three Months Ended March 31,

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

Lease cost

 

 

 

 

 

 

 

 

Average rent expense

 

$

28,357

 

 

$

62,005

 

Other information

 

 

 

 

 

 

 

 

Cash paid for amounts included in the

   measurement of operating lease liabilities

 

$

29,145

 

 

$

62,153

 

 

 

 

 

 

 

 

 

 

The weighted average remaining lease term

   and discount rate at March 31, 2020 and 2019

 

 

 

 

 

 

 

 

Weighted-average remaining lease term -

   operating leases

 

 

1.33

 

 

 

2.53

 

Weighted-average discount rate - operating

   leases

 

 

13.28

%

 

 

13.22

%

Schedule of Future Payments Related to Operating Leases Activities

As of March 31, 2020, future payments related to operating leases activities are presented in the table below:

 

 

 

2020

 

 

2021

 

 

2022 and

Thereafter

 

 

Total Lease

Payments

 

Operating leases

 

$

88,635

 

 

$

69,685

 

 

$

 

 

$

158,320

 

Less interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(12,415

)

Present value of lease liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

$

145,905