Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2020

Accounting Policies [Abstract]

Schedule of Changes in Deferred Revenue

Changes in deferred revenue were as follows:

Six Months Ended June 30, 2020
Balance at December 31, 2019	$	7,355,270
Deferral of revenue	4,686,038
Recognition of revenue	(6,679,799		)
Change in reserves	6,881
Balance at June 30, 2020	$	5,368,390

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 June 30, 2020.

Right of use assets	$	1,155,028
Lease liability obligations, current	1,438,448
Lease liability obligations, less current portion	31,507
Total lease liability obligations	$	1,469,955
Weighted-average remaining lease term	0.89
Weighted-average discount rate	6.03		%

Lease Cost

	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Components of lease expense:
Operating lease cost	$	352,688		$	416,508		$	782,402		$	834,273
Sublease income	(73,314		)	(155,944		)	(148,628		)	(311,888		)
Net lease cost	$	279,374		$	260,564		$	633,774		$	522,385

Operating Leases Maturity

Approximate future minimum lease payments for our ROU assets over the remaining lease periods as of June 30, 2020, are as follows:

Remainder of 2020	850,408
2021	639,526
Total minimum lease payments	1,489,934
Less interest	(19,979	)
Present value of lease liabilities	1,469,955

The following is a schedule of future minimum lease payments as well as sublease income for all operating leases as of June 30, 2020:

	Payments		Sublease Income			Net Commitments
2020	850,408		(473,149		)	377,259
2021	639,526		(207,925		)	431,601
	$	1,489,934	$	(681,074	)	$	808,860