Quarterly report pursuant to Section 13 or 15(d)

Commitments (Tables)

v3.19.1
Commitments (Tables)
3 Months Ended
Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Classification of Lease Liabilities
The balance sheet classification of the Company’s lease liabilities was as follows:
 
Description
 
March 31,

2019
 
 
December 31,

2018
 
Operating lease liabilities:
 
 
 
 
 
 
 
 
Current portion of lease liabilities
 
$
622,483
 
 
$
 
Long-term portion of lease liabilities
 
$
3,465,348
 
 
$
 
Maturities Of Operating Lease Liabilities
 
 
 
Amount
 
April 1, 2019-December 31, 2019
 
$
489,993
 
Year ending December 31:
 
 
 
 
2020
 
 
666,391
 
2021
 
 
679,719
 
2022
 
 
693,313
 
2023
 
 
707,179
 
Thereafter
 
 
2,973,011
 
Total lease payments
 
 
6,209,606
 
Less: Present value adjustment
 
 
(2,121,775
)
Operating lease liabilities
 
 
4,087,831