Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Summary of Lease Assets and Lease Liabilities

The following table presents a summary of the Company’s lease assets and lease liabilities as of December 31, 2019:

	Classification	December 31, 2019
Lease Assets
Operating lease assets	Operating lease right-of-use assets	$	6,861,099
Lease Liabilities
Current operating lease liabilities	Current portion of operating lease liability	$	1,880,957
Non-current operating lease liabilities	Other accrued liabilities		4,987,088
Total lease liabilities		$	6,868,045

Summary of Maturity Analysis of Operating Lease Liabilities

The following table presents the Company’s maturity analysis of its operating lease liabilities as of December 31, 2019:

	December 31, 2019
2020	$	1,916,250
2021		1,112,792
2022		1,098,487
2023		1,055,010
2024 and beyond		2,547,044
Total lease payments	$	7,729,583
Less: interest		(861,538	)
Present value of lease liabilities	$	6,868,045

The following table presents the Company’s maturity analysis of its operating lease liabilities as of December 31, 2018:

	December 31, 2018
2019	$	3,613,980
2020		910,778
2021		88,469
2022 and beyond		114,466
Total minimum operating lease payments	$	4,727,693