Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2020

Commitments And Contingencies Disclosure [Abstract]

Summary of Presentation of Operating Leases

The following table summarizes the presentation of operating leases in the Company’s consolidated balance sheet:

	Balance sheet location	As of December 31, 2020
Assets
Right-of-use operating asset	Right-of-use asset - operating lease	$	1,739,475
Liabilities
Current operating lease liabilities	Operating lease liability, current portion		1,220,587
Long-term operating lease liabilities	Operating lease liability, long-term		581,708
Total operating lease liabilities		$	1,802,295

Schedule of Lease Expense

For the year ended December 31, 2020, the Company noted the following lease expense:

	Statement of Operations Location	Year Ended December 31, 2020
Operating lease expense	General and administrative	$	47,821
Total operating lease expense		$	47,821

Schedule of Future Minimum Lease Payments of Operating Leases

Future minimum lease payments of our operating leases as of December 31, 2020 were as follows:

Years Ending December 31,
2021	$	1,250,000
2022		630,000
2023		—
2024		—
2025		—
Thereafter		—
Total lease payments		1,880,000
Less imputed interest		(77,705	)
Present value of operating lease liabilities	$	1,802,295