Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Schedule of Changes in Deferred Revenue

Changes in deferred revenue were as follows:

Nine Months Ended September 30, 2020
Balance at December 31, 2019	$	7,355,270
Deferral of revenue	9,807,409
Recognition of revenue	(11,116,199)
Change in reserves	6,881
Balance at September 30, 2020	$	6,053,361

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 September 30, 2020.

Right of use assets	$	854,712
Lease liability obligations, current	1,074,032
Lease liability obligations, less current portion	2,194
Total lease liability obligations	$	1,076,226
Weighted-average remaining lease term	0.89
Weighted-average discount rate	5.99		%

Lease Cost

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Components of lease expense:
Operating lease cost	$	466,556	$	323,117	$	1,248,958	$	1,157,390
Sublease income	(75,314)		(155,944)		(223,941)		(467,832)
Net lease cost	$	391,242	$	167,173	$	1,025,017	$	689,558

Operating Leases Maturity

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

Remainder of 2020	424,592
2021	659,754
Total minimum lease payments	1,084,346
Less interest	(8,120)
Present value of lease liabilities	1,076,226

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

	Payments		Sublease Income		Net Commitments
2020	424,592		(75,314)		349,278
2021	659,754		(530,447)		129,307
	$	1,084,346	$	(605,761)	$	478,585