LEASES (Tables)

12 Months Ended

Dec. 31, 2019

LEASES [Abstract]

Operating Lease Assets and Liabilities

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

Leases	Balance Sheet Classification	December 31, 2019
Assets:
Non-current	Operating lease assets	$	13,897,422
Liabilities:
Current	Operating lease liabilities	$	3,822,748
Non-current	Operating lease liabilities, noncurrent		10,654,631
Total lease liabilities		$	14,477,379

Lease Cost

Lease Cost	Income Statement Classification	December 31, 2019
Operating lease cost	Operating expenses	$	4,151,220
Variable lease cost (1)	Operating expenses		895,373
Total lease cost		$	5,046,593

(1) Variable lease cost includes payment 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	December 31, 2019
2020	$	3,891,153
2021		3,282,122
2022		2,411,124
2023		1,722,991
2024		1,309,459
Thereafter		3,697,717
Total lease payments (2)	$	16,314,566
Less:  Interest		(1,837,187	)
Present value of lease liabilities	$	14,477,379

(2) Operating lease payments exclude $0.3 million of legally binding minimum lease payments for leases signed, but not yet commenced as of December 31, 2019.

Operating Leases Other Information

At December 31, 2019, the weighted average remaining lease term for our operating leases was 6.0 years, and the weighted average discount rate used to measure our operating leases was 4.1%.

Other Information	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases	$	4,078,695
Operating lease assets obtained in exchange for lease obligations		18,076,962

Future Minimum Lease Payments

Future minimum lease payments under noncancelable operating leases as of December 31, 2018 were as follows:

	December 31, 2018
2019	$	4,417,806
2020		3,750,324
2021		3,042,779
2022		2,102,463
2023		1,289,874
Thereafter		2,139,218
Total minimum lease payments	$	16,742,464