XML 31 R20.htm IDEA: XBRL DOCUMENT v3.19.2
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2019
Accounting Policies [Abstract]  
Schedule Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts in the consolidated statement of cash flows:

 

   June 30, 2019   December 31, 2018 
         
Cash and cash equivalents  $63,071.00   $13,143.00 
Restricted cash   77,350.00    334,083.00 
Total cash, cash equivalents, and restricted cash shown in the cash flow statement  $140,421.00   $347,226.00 
Schedule of Lease-related Assets and Liabilities

he table below presents the lease-related assets and liabilities recorded on the balance sheets.

 

   June 30, 2019 
Assets     
Operating lease assets  $1,182,816 
      
Liabilities     
Current  $126,577 
Operating lease liabilities     
Noncurrent     
Operating lease liabilities  $1,066,310 
Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases were as follows:

 

   Six Months Ended June 30, 2019 
     
Cash used in operating activities:     
Operating leases  $9,704 
ROU assets recognized in exchange for lease obligations:     
Operating leases  $1,257,751 
Schedule of Remaining Lease Term and Discount Rates for Operating Leases

The table below presents the remaining lease term and discount rates for operating leases.

 

   June 30, 2019 
Weighted-average remaining lease term     
Operating leases   6.97 years 
Weighted-average discount rate     
Operating leases   5.5%
Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of June 30, 2019, were as follows:

 

   Operating Leases 
     
2019 (excluding the six months ended June 30, 2019)  $99,819 
2020   190,574 
2021   201,675 
2022   213,600 
2023   216,847 
Thereafter   557,074 
Total lease payments   1,479,589 
Less: amount of lease payments representing interest   (287,069)
Present value of future minimum lease payments  $1,192,520 
Less: current obligations under leases  $(126,577)
Non current long-term obligations  $1,065,943