Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.1
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