Leases (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of lease-related assets and liabilities

The following table presents the lease-related assets and liabilities recorded as of September 30, 2019 and their respective location on the consolidated balance sheets:


	September 30, 2019
ASSETS
Current
Prepaid expenses and other current assets	$	57,249
Noncurrent
Operating lease right-of-use assets		4,393,737
Total lease right-of-use assets	$	4,450,986

LIABILITIES
Current
Current maturities of operating leases	$	647,709
Noncurrent
Noncurrent operating leases		3,809,573
Total lease liabilities	$	4,457,282

Weighted average remaining lease term:
Operating leases		18 years

Weighted average discount rate:
Operating leases		4.61	%

Schedule of Lease, Cost

The components of lease cost for the three and nine months ended September 30, 2019 were as follows:


	Three Months Ended		Nine Months Ended
	September 30, 2019		September 30, 2019
Operating lease costs	$	218,587	$	567,814
Short-term lease costs		4,119		12,154
Total lease costs	$	222,706	$	579,968

Schedule of Cash Flow, Supplemental

Supplemental cash flow information related to leases is as follows:

Schedule of Future Minimum Rental Payments for Operating Leases

Future lease payments relating to the Company’s operating lease liabilities as of September 30, 2019 were as follows:


Years ending December 31,	Total
Remainder of 2019	$	229,765
2020		821,655
2021		581,206
2022		505,985
2023		515,413
Thereafter		3,737,940
Total future lease payments		6,391,964
Less: Imputed interest		(1,934,682)
Total lease obligations		4,457,282
Less: Current obligations		(647,709)
Noncurrent lease obligations	$	3,809,573

Three Months Ended

Nine Months Ended

September 30, 2019

September 30, 2019

Cash paid for amounts included in measurement of liabilities:

Operating cash flows from operating leases