Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.2
Leases (Tables)
6 Months Ended
Jun. 30, 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:

 

    Six Months Ended June 30,  
    2020     2019  
             
Cash paid for operating lease liabilities   $ 156,800     $ 156,200  
Right-of-use assets obtained in exchange for new operating lease obligations     89,400       117,800  
Weighted-average remaining lease term     9.6 months       10.8 months  
Weighted-average discount rate     10 %     10 %

Schedule of Maturities of Lease Liabilities
Maturities of lease liabilities as of June 30, 2020 were as follows:      
2020   $ 112,800  
2021     114,700  
2022     85,700  
2023     88,300  
2024     90,900  
Thereafter     157,700  
      650,100  
Less imputed interest     (147,700 )
Total lease liabilities     502,400  
Current operating lease liabilities     143,100  
Non-current operating lease liabilities     359,300  
Total lease liabilities   $ 502,400