Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Schedule of information about operating lease [Table Text Block]
The following summarizes quantitative information about the Company’s operating leases:
 
 
 
For the Three
 
 
 
Months Ended
 
 
 
March 31, 2019
 
Lease cost
 
 
 
 
Operating lease cost
 
$
78,490
 
Variable lease cost
 
 
236,537
 
Total
 
$
315,027
 
Disclosure of current lease payment [Table Text Block]
 
 
For the Three
 
 
 
Months Ended
 
 
 
March 31, 2019
 
Operating cash flows from operating leases
 
$
59,982
 
Right of use assets exchanged for operating lease liabilities
 
$
2,046,874
 
Weighted-average remaining lease term – operating leases
 
 
5.1
 
Weighted-average discount rate – operating leases
 
 
8.96
%
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
Maturities of our operating leases, excluding short-term leases, are as follows:
 
Nine months ended December 31, 2019
 
$
(274,568
)
Year ended December 31, 2020
 
 
460,838
 
Year ended December 31, 2021
 
 
467,141
 
Year ended December 31, 2022
 
 
475,506
 
Year ended December 31, 2023
 
 
489,028
 
Thereafter
 
 
1,458,068
 
Total
 
 
3,076,013
 
Less present value discount
 
 
(1,068,458
)
Operating lease liabilities
 
$
2,007,555