Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases

Summary of quantitative information regarding the Company’s leases

	Three months ended March 31,
Lease Cost	2020		2019
Operating lease cost	$	55,768	$	25,782
Other Information
Operating cash flows paid for amounts included in the measurement of lease liabilities	$	62,909	$	30,409
Operating lease liabilities arising from obtaining right‑of‑use assets	$	—	$	—
Weighted average remaining lease term (years)		1.75 - 2.25		2.75
Weighted average discount rate		3.0% - 4.3%		3.0% - 4.3%

Schedule of future lease payments under noncancellable leases

Future lease payments under noncancelable leases are as follows at March 31, 2020:

	Operating
Future Lease Payments	Leases
2020	$	181,068
2021		243,719
2022		58,747
Total Lease Payments	$	483,534
Less: Imputed Interest		(17,475)
Total Lease Liabilities	$	466,059