Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Schedule of Changes in Deferred Revenue

Changes in deferred revenue were as follows:

Three Months Ended March 31, 2020
Balance at December 31, 2019	$	7,355,270
Deferral of revenue	1,967,462
Recognition of revenue	(3,180,187		)
Change in reserves	6,881
Balance at March 31, 2020	$	6,149,426

Assets And Liabilities, Lessee

We have various operating leases for office facilities that expire through 2021. Below is a summary of our ROU assets and liabilities as of March 31, 2020.

Right of use assets	$	1,488,539
Lease liability obligations, current	1,699,377
Lease liability obligations, less current portion	177,905
Total lease liability obligations	$	1,877,282
Weighted-average remaining lease term	1.13
Weighted-average discount rate	6.02		%

Lease Cost

	Three Months Ended March 31,
	2020	2019
Components of lease expense:
Operating lease cost	354,400	417,765
Sublease income	155,944	155,944
Net lease cost	510,344	573,709

Operating Leases Maturity

Approximate future minimum lease payments for our ROU assets over the remaining lease periods as of March 31, 2020, are as follows:

Remainder of 2020	1,329,957
2021	639,526
Thereafter	—
Total minimum lease payments	1,969,483
Less interest	(92,201	)
Present value of lease liabilities	1,877,282

The following is a schedule of future minimum lease payments as well as sublease income for all operating leases as of March 31, 2020:

	Payments		Sublease Income			Net Commitments
2020	1,329,957		(467,832		)	862,125
2021	639,526		(207,925		)	431,601
Thereafter	—		—			—
	$	1,969,483	$	(675,757	)	$	1,293,726