Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of Components of Lease Expense

The components of lease expense were as follows:


    For the  
    Year Ended  
    December 31,  
Operating lease cost:        
Amortization of assets   $ 45,510  
Interest on lease liabilities     22,235  
Total lease cost   $ 67,745  

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:


    December 31,  
Operating leases:        
Operating lease assets   $ 502,706  
Current portion of operating lease liabilities   $ 55,101  
Noncurrent operating lease liabilities     453,251  
Total operating lease liabilities   $ 508,352  
Weighted average remaining lease term:        
Operating leases     9.75 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  
    Year Ended  
    December 31,  
Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash flows used for operating leases   $ 39,864  
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 December 31, 2019:


2020   $ 160,858  
2021     80,877  
2022     34,528  
2023     35,909  
2024     37,345  
Thereafter     198,669  
Total minimum lease payments     548,186  
Less interest     39,834  
Present value of lease liabilities     508,352  
Less current portion     55,101  
Long-term lease liabilities   $ 453,251