Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases

Schedule of lease-related assets and liabilities

The following table presents the lease-related assets and liabilities and their respective location on the consolidated balance sheets:

	December 31, 2019
ASSETS
Current
Prepaid expenses and other current assets	$	36,097
Noncurrent
Operating lease right-of-use assets		4,439,212
Total lease right-of-use assets	$	4,475,309

LIABILITIES
Current
Current maturities of operating leases	$	755,751
Noncurrent
Noncurrent operating leases		3,836,475
Total lease liabilities	$	4,592,226
Weighted average remaining lease term:
Operating leases		17.8 years
Weighted average discount rate:
Operating leases		4.59%

Schedule of Lease, Cost

The components of lease cost were as follows:

	Year Ended
	December 31, 2019
Operating lease costs	$	797,403
Short-term lease costs		16,469
Total lease costs	$	813,872

Schedule of Cash Flow, Supplemental

Supplemental cash flow information related to leases is as follows:

	Year Ended
	December 31, 2019
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases	$	968,005

Schedule of future lease payments relating to the Company's operating lease liabilities

Years ending December 31,	Total
2020	$	949,603
2021		632,754
2022		525,579
2023		532,809
2024		313,176
Thereafter		3,602,600
Total future lease payments		6,556,521
Less: Imputed interest		(1,964,295)
Total lease obligations		4,592,226
Less: Current obligations		(755,751)
Noncurrent lease obligations	$	3,836,475