Leases (Tables)
|
3 Months Ended |
Mar. 31, 2019 |
|---|
| Leases [Abstract] |
|
| Schedule of Lease Expense |
The components of lease expense were as follows:
| |
|
Three Months Ended
March 31, 2019
|
|
| Operating lease cost |
|
$ |
465,228 |
|
| Short-term lease cost |
|
|
105,551 |
|
| Variable lease cost |
|
|
6,583 |
|
| Total- net lease cost |
|
$ |
577,362 |
|
|
| Schedule of Supplemental Balance Sheet Information Related to Leases |
Supplemental balance sheet information related
to leases was as follows:
| |
|
March 31, 2019 |
|
| Operating leases: |
|
|
|
|
| Operating lease ROU asset |
|
$ |
4,031,254 |
|
| |
|
|
|
|
| Current operating lease liabilities |
|
$ |
1,681,064 |
|
| Non-current operating lease liabilities |
|
|
2,482,853 |
|
| Total operating lease liabilities |
|
$ |
4,163,917 |
|
| |
|
|
|
|
| Operating leases: |
|
|
|
|
| ROU assets |
|
$ |
4,424,464 |
|
| Asset lease expense |
|
|
(393,210 |
) |
| ROU assets, net |
|
$ |
4,031,254 |
|
| |
|
|
|
|
| Weighted average remaining lease term (in years): |
|
|
|
|
| Operating leases |
|
|
2.89 |
|
| Weighted average discount rate: |
|
|
|
|
| Operating leases |
|
|
7.05 |
% |
|
| Schedule of Supplemental Cash Flow and Other Information Related to Leases |
Supplemental cash flow and other information
related to leases was as follows:
| |
|
Three Months Ended
March 31, 2019
|
|
| Cash paid for amounts included in the measurement of lease liabilities: |
|
|
|
|
| Operating cash flows from operating leases |
|
$ |
478,060 |
|
| |
|
|
|
|
| ROU assets obtained in exchange for lease liabilities: |
|
|
|
|
| Operating leases |
|
$ |
180,290 |
|
|
| Schedule of Maturities of Lease Liabilities |
Maturities of lease liabilities are
as follows:
| Operating leases |
|
March 31, 2019 |
|
| 2019 (nine months) |
|
$ |
1,505,423 |
|
| 2020 |
|
|
1,508,078 |
|
| 2021 |
|
|
949,409 |
|
| 2022 |
|
|
483,659 |
|
| 2023 |
|
|
149,217 |
|
| Total lease payments |
|
|
4,595,786 |
|
| Less: imputed interest |
|
|
(431,869 |
) |
| Total lease obligations |
|
|
4,163,917 |
|
| Less: current obligations |
|
|
(1,681,064 |
) |
| Long-term lease obligations |
|
$ |
2,482,853 |
|
|
| Schedule of Future Minimum Lease Payments Under Non-cancelable Operating Leases |
As of December 31, 2018, future lease payment
obligations under non-cancellable operating leases were as follows:
| Operating leases |
|
December 31, 2018 |
|
| 2019 |
|
$ |
932,068 |
|
| 2020 |
|
|
715,059 |
|
| 2021 |
|
|
510,927 |
|
| 2022 |
|
|
412,585 |
|
| 2023 |
|
|
91,797 |
|
| Total |
|
$ |
2,662,436 |
|
|