LEASES (Tables)

9 Months Ended

Sep. 30, 2019

Additional information regarding the Company’s operating leases is as follows:

Leases	Balance Sheet Classification	September 30, 2019
Assets:
Non-current	Operating lease assets	$	14,769,812

Liabilities:
Current	Operating lease liabilities	$	3,918,757
Non-current	Operating lease liabilities, noncurrent		11,398,664
Total lease liabilities		$	15,317,421

Lease Cost

Lease Cost	Income Statement Classification	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Operating lease cost	Operating expenses	$	1,031,445	$	3,120,156
Variable lease cost (1)	Operating expenses		216,533		685,527
Total lease cost		$	1,247,978	$	3,805,683

(1)	Variable lease cost includes payments for certain real estate taxes, insurance, common area maintenance, and other charges related to lease agreements, which are not included in the measurement of the operating lease liabilities.

Maturity of Lease Liabilities

Maturity of Lease Liabilities	September 30, 2019
2019	$	1,022,821
2020		3,884,481
2021		3,275,976
2022		2,405,989
2023		1,718,825
Thereafter		4,995,395
Total lease payments (1)	$	17,303,487
Less: Interest		(1,986,066	)
Present value of lease liabilities	$	15,317,421
(1) Operating lease payments exclude $0.3 million of legally binding minimum lease payments for leases signed, but not yet commenced as of September 30, 2019.

Operating Leases Other Information

As of September 30, 2019, the weighted average remaining lease term for our operating leases was 6.1 years, and the weighted average discount rate used to measure our operating leases was 4.1%.

Other Information	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases	$	1,023,521	$	3,055,534

ROU assets obtained in exchange for lease obligations	$	-	$	18,076,962