Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Schedule of Right-of-use Assets and Related Lease Liabilities

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

		Three Months Ended March 31,
		2020				2019

Cash paid for operating lease liabilities		$	73,600			$	70,900
Right-of-use assets obtained in exchange for new operating lease obligations			13,900				168,200
Weighted-average remaining lease term			8.0 months				12.4 months
Weighted-average discount rate			10%				10%

Schedule of Maturities of Lease Liabilities


Maturities of lease liabilities in 12-month period ended March 31, 2020 were as follows:

2020		$	95,900
2021			83,800
2022			86,300
2023			88,900
2024			91,600
Thereafter			134,700
			581,200
Less imputed interest			(154,400	)
Total lease liabilities			426,800
Current operating lease liabilities			55,900
Non-current operating lease liabilities			370,900
Total lease liabilities		$	426,800