Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases Tables Abstract

Schedule of Components of Lease Expense

The components of lease expense were as follows:

	Year Six Months ended, June 30, 2020
Operating leases		107,852
Interest on lease liabilities		6,117
Total net lease cost		113,969

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

	June 30, 2020
Operating leases:
Operating lease ROU assets	$	906,995
Current operating lease liabilities, included in current liabilities	$	208,663
Noncurrent operating lease liabilities, included in long-term liabilities		708,237
Total operating lease liabilities	$	916,900

Schedule of Supplemental Cash Flow and Other Information Related to Leases

Supplemental cash flow and other information related to leases was as follows:

	Six Months Ended June 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	-
ROU assets obtained in exchange for lease liabilities:
Operating leases	$	906,995
Weighted average remaining lease term (in years):		7
Operating leases		2.3
Weighted average discount rate:
Operating leases		7.25	%

Schedule of Maturity Payments of Operating Leases

Total future minimum payments required under the lease obligations as of June 30, 2020 are as follows:

Six Months Ending June 30,
2020	$	208,663
2021		192,470
2022		81,444
2023		91,140
2024		101,675
Thereafter		238,308
Total lease payments	$	913,700
Less: amounts representing interest
Total lease obligations	$	913,700