Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.19.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2019
Commitments And Contingencies Disclosure [Abstract]  
Components of Lease Expense

The following table presents components of lease expense for the six months ended June 30, 2019:

 

 

Six Months Ended

June 30, 2019

Operating lease expense

$ 97,301

 

$ 97,301

Summary of Supplemental Balance Sheet Information Related to Operating Leases

The following table presents supplemental balance sheet information related to operating leases as of June 30, 2019:

 

 

 

Balance Sheet

Line Item

Six Months Ended

June 30, 2019

Assets

 

 

ROU assets

Right of use asset, net

$ 21,833

Total lease assets

 

$ 21,833

 

 

 

Liabilities

 

 

Current lease liabilities

Lease liability

$9,401

Long-term lease liabilities

Lease liability

12,858

Total lease liabilities

 

$ 22,259

 

 

 

Weighted-average remaining lease term (in years)

 

2.5

Weighted-average discount rate

 

8.02%

 

 

 

Summary of Supplemental Cash Flow Information and Non-cash Activity Related to Operating Leases

The following table presents supplemental cash flow information and non-cash activity related to operating leases for the six months ended June 30, 2019:

 

Operating Leases

Operating cash flow information

 

   Cash paid for amounts included in the measurement of lease liabilities

$ 4,426

Non-cash activity:

 

   ROU assets obtained in exchange for lease liabilities

26,685

Schedule of Future Minimum Lease Payment Due

The following table presents maturities of operating lease liabilities on an undiscounted basis as of June 30, 2019:

 

Year

Operating Leases

2019 (excluding the six months ended June 30, 2019)

$ 4,607

2020

9,784

2021

7,868

 

$ 22,259