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Right to Use Assets and Liabilities (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Components of Lease Expense

The components of lease expense were as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2020

 

2019

 

 

2020

 

2019

 

Operating lease cost

 

$

262,045

 

$

173,446

 

 

$

731,477

 

$

604,731

 

 

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

 

 

 

 

 

 

Nine Months Ended

 

 

 

 

 

 

September 30,

 

 

 

 

 

 

2020

 

2019

 

Cash paid for amounts included in the measurement of lease

   liabilities:

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

 

 

 

$

669,183

 

$

399,610

 

Supplemental non-cash information:

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for new lease

   obligations

 

 

 

 

$

572,413

 

$

367,868

 

 

Schedule of Maturities of Lease Liabilities for Operating Leases

Maturities of lease liabilities for operating leases as of September 30, 2020, are as follows:

 

Remainder of 2020

 

$

189,472

 

2021

 

 

1,124,684

 

2022

 

 

1,108,066

 

Thereafter

 

 

12,041

 

Total lease payments

 

 

2,434,263

 

Less: imputed interest

 

 

(143,026

)

Total

 

$

2,291,237