Leases (Tables)

3 Months Ended

Mar. 31, 2020

Supplemental balance sheet information as of March 31, 2020 regarding our leases is as follows:


		As of		As of
Leases	Classification	March 31, 2020		December 31, 2019
Assets
Noncurrent:
Finance	Office and other equipment, net of accumulated depreciation and amortization	$	—	$	2,913
Operating	Operating lease right-of-use assets		439,648		470,132
Total leased assets		$	439,648	$	473,045

Liabilities
Current:
Finance lease	Finance lease liabilities	$	—	$	1,860
Noncurrent:
Operating lease	Operating lease liabilities		492,730		524,248
Total leased liabilities		$	492,730	$	526,108

Our operating and finance leases expenses for the three months ended March 31, 2020 and 2019, were as follows:


		Three months ended March 31,
Leases	Classification	2020		2019
Operating	General and administrative expense	$	2,092	$	3,766

Finance lease cost:
	Amortization expense		2,913		2,914
	Interest expense		111		111

Minimum contractual obligations for our operating leases at March 31, 2020, are as follows:


	Operating Leases
2020 (excluding three months ended March 31, 2020)	$	121,279
2021		164,081
2022		156,608
2023		161,674
2024		13,508
Total remaining lease payments	$	617,150

Supplemental cash flow information related to leases was as follows:


	Three months ended March 31,
	2020		2019
Cash payments
Operating cash flows from operating leases	$	(1,035)	$	232
Operating cash flows from finance leases		1,164		1,165
Financing cash flows from finance leases		(111)		(111)

The weighted average remaining lease terms and discount rate of our finance and operating leases was follows:


	As of		As of
	March 31, 2020			December 31, 2019
Weighted Average Remaining Lease Term
Finance lease		—		3 months
Operating lease		2.2 years		2.5 years
Weighted Average Discount Rate
Finance lease		6%		6%
Operating lease		8%		8%