Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases

Schedule of lease cost

The Company’s lease cost reflected in the accompanying Statements of Operations and Comprehensive loss as follows:

	For the Year Ended December 31, 2019
Operating lease cost	$	191,737
Finance lease cost
Amortization of lease assets		5,210
Interest on lease liabilities		954
Lease cost	$	6,164

The weighted average remaining lease term and incremental borrowing rate as of December 31, 2019 were as follows:

Weighted average remaining lease term (years)
Operating leases	7 years
Finance leases	3 years
Weighted average discount rate
Operating leases	6.58	%
Finance leases	6.17	%

Schedule of future lease liabilities

For the year ending December 31:	Operating Leases		Finance Leases	Total
2020	$	321,273	58,980	380,253
2021		330,032	58,980	389,012
2022		338,960	93,990	432,950
2023		244,973	-	244,973
2024		231,503	-	231,503
Thereafter		693,272	-	693,272
Total minimum lease payments		2,160,013	211,950	2,371,963
Less: Interest		(423,607)	(20,179)	(443,786)
Present value of lease liabilities	$	1,736,406	191,771	1,928,177