Leases (Tables)

12 Months Ended

Dec. 31, 2019

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

	Year Ended
	December 31, 2019

Cash paid for operating lease liabilities	$	307,100
Right-of-use assets obtained in exchange for new operating lease obligations (1)		75,600
Weighted-average remaining lease term		6.5 months
Weighted-average discount rate		10	%

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

Maturities of lease liabilities as of December 31, 2019 were as follows:

2020	$	127,900
2021		83,300
2022		85,700
2023		88,300
2024		90,900
Thereafter		157,600
		633,700
Less imputed interest		(165,700	)
Total lease liabilities		468,000
Current operating lease liabilities		86,100
Non-current operating lease liabilities		381,900
Total lease liabilities	$	468,000