LEASES (Tables)

6 Months Ended

Jun. 30, 2019

Information related to the Company’s right-of-use assets and related lease liabilities were as follows:

	Six Months Ended
	June 30, 2019
Cash paid for operating lease liabilities	$	156,200
Right-of-use assets obtained in exchange for new operating lease obligations (1)		117,800
Weighted-average remaining lease term		10.8 months
Weighted-average discount rate		10	%

(1) Includes $225,300 for operating leases existing on January 1, 2019.

Maturities of lease liabilities as of June 30, 2019 were as follows:

Due in 12 month period ended June 30,

	2020	$	196,500
	2021		91,000
	2022		84,500
	2023		87,000
	2024		89,600
	Thereafter		203,500
			752,100
Less imputed interest			(204,000	)
	Total lease liabilities		548,100
Current operating lease liabilities			161,600
Non-current operating lease liabilities			386,500
	Total lease liabilities	$	548,100