Leases (Tables)

9 Months Ended

Sep. 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:

	September 30, 2020		December 31, 2019
ASSETS
Current
Prepaid expenses and other current assets	$	202,459	$	33,567
Current assets of discontinued operations		—		2,530
Noncurrent
Operating lease right-of-use assets		1,414,736		1,811,516
Long-term assets of discontinued operations		41,554		2,627,696
Total lease right-of-use assets	$	1,658,749	$	4,475,309
LIABILITIES
Current
Current maturities of operating leases	$	545,364	$	688,540
Current liabilities of discontinued operations		25,918		67,211
Noncurrent
Noncurrent operating leases		1,071,831		1,156,543
Noncurrent liabilities of discontinued operations		8,842		2,679,932
Total lease liabilities	$	1,651,955	$	4,592,226
Weighted average remaining lease term:
Operating leases		3.5 years		3.5 years
Operating leases - discontinued operations		1.4 years		24.0 years
Weighted average discount rate:
Operating leases		4.17%		4.37%
Operating leases - discontinued operations		3.48%		4.68%

Schedule of Lease, Cost

	September 30, 2020		December 31, 2019
ASSETS
Current
Prepaid expenses and other current assets	$	202,459	$	33,567
Current assets of discontinued operations		—		2,530
Noncurrent
Operating lease right-of-use assets		1,414,736		1,811,516
Long-term assets of discontinued operations		41,554		2,627,696
Total lease right-of-use assets	$	1,658,749	$	4,475,309
LIABILITIES
Current
Current maturities of operating leases	$	545,364	$	688,540
Current liabilities of discontinued operations		25,918		67,211
Noncurrent
Noncurrent operating leases		1,071,831		1,156,543
Noncurrent liabilities of discontinued operations		8,842		2,679,932
Total lease liabilities	$	1,651,955	$	4,592,226
Weighted average remaining lease term:
Operating leases		3.5 years		3.5 years
Operating leases - discontinued operations		1.4 years		24.0 years
Weighted average discount rate:
Operating leases		4.17%		4.37%
Operating leases - discontinued operations		3.48%		4.68%

Schedule of Cash Flow, Supplemental

Supplemental cash flow information related to leases is as follows:

	Nine Months Ended September 30,
	2020		2019
Cash paid for amounts included in measurement of liabilities:
Operating cash outflows for operating leases	$	605,306	$	538,566
Operating cash outflows for operating leases - discontinued operations		119,480		169,928

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 September 30, 2020 were as follows:

Years ending December 31,	Total
Remainder of 2020	$	195,544
2021		505,206
2022		402,563
2023		405,113
2024		187,510
Thereafter		42,389
Total future lease payments		1,738,325
Less: imputed interest		(121,130)
Total lease obligations		1,617,195
Less: current obligations		(545,364)
Noncurrent lease obligations	$	1,071,831