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Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases  
Schedule of Lease Expense Components, Supplemental Cash Flow Information and Other Information

For the three and nine months ended September 30, 2019, the components of lease expense were as follows:

 

 

 

 

 

 

 

 

 

    

Three Months Ended

    

Nine Months Ended

 

 

September 30, 2019

 

September 30, 2019

Operating Lease Cost

 

$

390,577

 

$

1,264,049

Short-Term Lease Cost

 

 

78,076

 

 

250,924

Sublease Income

 

 

(10,605)

 

 

(10,605)

Total Lease Cost

 

$

458,048

 

$

1,504,368

 

Supplemental information related to leases was as follows:

 

 

 

 

 

 

    

Nine Months Ended

 

 

September 30, 2019

Cash paid for amounts included in the measurement of lease liabilities:

 

 

  

Operating cash flows from operating leases

 

$

967,565

 

 

 

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

935,242

 

Schedule of maturity of operating lease liability

 

 

 

 

Maturity of Lease Liability

    

Operating Lease

2019 (excluding the nine months ended September 30, 2019)

 

$

332,549

2020

 

 

1,307,783

2021

 

 

1,328,160

2022

 

 

1,422,965

2023

 

 

1,474,391

2024 and thereafter

 

 

3,377,653

Total lease payments

 

 

9,243,501

Less: Interest

 

 

(2,001,696)

Total

 

$

7,241,805