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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Weighted Average Remaining Lease Term And Discount Rate Related To Operating Leases

 

Weighted-average remaining lease term (in years) and discount rate related to operating leases were as follows:

 

Weighted-average remaining lease term

 

5.16

 

Weighted-average discount rate

 

 

6.0

%

 

Maturities of Lease Liabilities Under Noncancelable Operating Leases

 

Maturities of lease liabilities under noncancellable operating leases as of March 31, 2019 were as follows:

 

 

 

March 31 ,2019

 

 

 

 

 

 

2019 (a)

 

$

1,017,527

 

2020

 

 

1,521,149

 

2021

 

 

1,724,052

 

2022

 

 

1,727,538

 

2023

 

 

1,773,769

 

2024 and beyond

 

 

4,287,729

 

Total lease payments

 

 

12,051,764

 

Less: Imputed interest

 

 

(2,387,800

)

Present value of lease liabilities

 

$

9,663,964

 

 

 

 

 

 

 

Future Minimum Payments Due

As of December 31, 2018 minimum lease payments under noncancellable operating leases by period were expected to be:

 

 

December 31,

 

 

 

2018

 

 

 

 

 

 

2019

 

$

1,475,761

 

2020

 

 

1,626,179

 

2021

 

 

1,671,003

 

2022

 

 

1,664,510

 

2023

 

 

1,700,539

 

2024 and thereafter

 

 

4,246,015

 

 

 

$

12,384,007

 

 

 

 

 

 

Summary of Rent Expense

 

A summary of rent expense for the years ended December 31, 2018 and 2017 was as follows:

 

 

2018

 

 

2017

 

Rent expense

 

$

515,565

 

 

$

480,349

 

 

Supplemental Cash Flow Information And Non-cash Activity Relating To Operating

 

Supplemental cash flow information and non-cash activity relating to operating leases are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

March 31, 2019

 

Operating cash flow information:

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

246,735