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Leases (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Summary of the Sublease Costs

The following table contains a summary of the Sublease costs recognized under ASC 842 and other information pertaining to the Company’s operating Sublease for the nine months ended September 30, 2020:

 

 

 

Nine Months Ended

September 30, 2020

 

Sublease cost

 

 

 

 

Operating Sublease cost

 

$

134,452

 

Total Sublease cost

 

$

134,452

 

 

 

 

 

 

Other information

 

 

 

 

Operating cash flows used for operating Sublease

 

$

143,139

 

Weighted average remaining Sublease term

 

0.8 years

 

Weighted average discount rate

 

 

10

%

 

Future Minimum Sublease Payments Under Non-cancelable Operating Sublease

Future minimum Sublease payments under the Company’s non-cancelable operating Sublease as of September 30, 2020 and December 31, 2019 are as follows:

 

Future Operating Sublease Payments

 

Nine Months Ended

September 30, 2020

 

2020 (excluding the nine months ended September 30, 2020)

 

$

48,864

 

2021

 

 

114,018

 

Thereafter

 

 

 

Total Sublease payments

 

$

162,882

 

Less: imputed interest

 

 

(5,926

)

Total operating Sublease liabilities at September 30, 2020

 

$

156,956

 

 

Future Operating Sublease Payments

 

Year Ended

December 31, 2019

 

2020

 

$

192,004

 

2021

 

 

114,018

 

Thereafter

 

 

 

Total Sublease payments

 

$

306,022

 

Less: imputed interest

 

 

(21,892

)

Total operating Sublease liabilities at December 31, 2019

 

$

284,130