Leases

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Leases

Leases

The Company has operating leases for corporate offices, warehouses, vehicles, and other equipment, which are included within "Plant and Equipment - Net" section of the Condensed Consolidated Balance Sheets. The leases have remaining lease terms of 1 year to 5 years. The weighted average remaining lease term for operating leases as of June 30, 2020 was 2 years, with a weighted average discount rate of 1.4%.

Future minimum lease payments for operating leases as of June 30, 2020 were as follows:

Year ending December 31,
2020 (excluding the six months ended June 30, 2020)	$	616,477
2021	931,848
2022	617,178
2023	209,525
2024	12,555
Thereafter	2,697
Total future minimum lease payments	2,390,280
Less imputed interest	(25,703)
Total	$	2,364,577

Reported as of June 30, 2020
Accrued Liabilities	$	1,105,254
Other Non-Current Liabilities	1,259,323
Total	$	2,364,577