Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases

Schedule of lease-related assets and liabilities

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

	June 30, 2020		December 31, 2019
ASSETS
Current
Prepaid expenses and other current assets	$	317,029	$	36,097
Noncurrent
Operating lease right-of-use assets		1,250,157		4,439,212
Total lease right-of-use assets	$	1,567,186	$	4,475,309
LIABILITIES
Current
Current maturities of operating leases	$	628,161	$	755,751
Noncurrent
Noncurrent operating leases		930,072		3,836,475
Total lease liabilities	$	1,558,233	$	4,592,226
Weighted average remaining lease term:
Operating leases		3.2 years		17.8 years
Weighted average discount rate:
Operating leases		4.33%		4.59%

Schedule of Lease, Cost

The components of lease costs were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Operating lease costs	$	242,277	$	128,096	$	486,169	$	349,227
Short-term lease costs		1,402		4,078		5,518		8,035
Total lease costs	$	243,679	$	132,174	$	491,687	$	357,262

Schedule of Cash Flow, Supplemental

Supplemental cash flow information related to leases is as follows:

	Six Months Ended June 30,
	2020		2019
Cash paid for amounts included in measurement of liabilities:
Operating cash outflows for operating leases	$	524,315	$	490,491

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

Future lease payments relating to the Company’s operating lease liabilities as of June 30, 2020 were as follows:

Years ending December 31,	Total
Remainder of 2020	$	390,600
2021		474,261
2022		342,770
2023		341,579
2024		122,366
Thereafter		—
Total future lease payments		1,671,576
Less: imputed interest		(113,343)
Total lease obligations		1,558,233
Less: current obligations		(628,161)
Noncurrent lease obligations	$	930,072