Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Schedule of Components of Lease Expense

The components of lease expense were as follows:


    For the Nine  
    Months Ended  
    September 30,  
Operating lease cost:        
Amortization of assets   $ 45,388  
Interest on lease liabilities     23,149  
Total lease cost   $ 68,537  
Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:


    September 30,  
Operating leases:        
Operating lease assets   $ 423,695  
Current portion of operating lease liabilities   $ 58,155  
Noncurrent operating lease liabilities     377,170  
Total operating lease liabilities   $ 435,325  
Weighted average remaining lease term:        
Operating leases     9 years  
Weighted average discount rate:        
Operating leases     6.75 %
Schedule of Supplemental Cash Flow Related to Leases

Supplemental cash flow and other information related to leases was as follows:


    For the Nine  
    Months Ended  
    September 30,  
Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash flows used for operating leases   $ 73,027  
Leased assets obtained in exchange for lease liabilities:        
Total operating lease liabilities   $ 548,216  
Schedule of Operating Lease Liability Maturity

Future minimum annual lease commitments under non-cancelable operating leases are as follows at September 30, 2020:


2020   $ 28,566  
2021     80,877  
2022     34,528  
2023     35,909  
2024     37,345  
Thereafter     198,669  
Total minimum lease payments     415,894  
Less interest     19,431  
Present value of lease liabilities     435,325  
Less current portion     58,155  
Long-term lease liabilities   $ 377,170