Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases Tables Abstract

Lease cost

The components of lease expense were as follows

	Three Months Ended March 31, 2019
Operating lease cost	$	5,653
Finance lease cost:
Amortization of leased assets	$	2,583
Interest on lease liabilities		501
Total finance lease cost	$	3,084

Supplemental cash flow information related to leases

Supplemental cash flow information related to leases was as follows:

	Three Months Ended March 31, 2019
Cash paid for amounts included in leases:
Operating cash flows from operating leases	$	(5,477	)
Operating cash flows from finance leases	$	501
Financing cash flows from finance leases	$	(2,121	)
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	-
Finance leases	$	-

Supplemental balance sheet information related to leases

Supplemental balance sheet information related to leases was as follows:

	March 31, 2019
Operating leases
Operating lease right-of-use assets	$	81,773
Current portion of operating lease obligations	$	15,665
Operating lease obligations, net of current portion		66,282
Total operating lease liabilities	$	81,947
Finance leases
Property and equipment, at cost	$	51,655
Accumulated depreciation		(28,410	)
Property and equipment, net	$	23,245
Current portion of finance lease obligations	$	9,776
Finance lease obligations, net of current portion		9,263
Total finance lease liabilities	$	19,039

	Three Months Ended March 31, 2019
Weighted Average Remaining Lease Term
Operating lease	4.4 years
Finance leases	2.0 years
Weighted Average Discount Rate
Operating lease		9.0%
Finance leases		9.8%

Minimum future rentals

A summary of future minimum payments under non-cancellable operating lease commitment as of March 31, 2019 is as follows:

Years ending December 31,	Total
2019 (remaining months)	$	16,759
2020		22,608
2021		22,608
2022		22,608
2023		15,072
Total lease liabilities	$	99,654
Less amount representing interest		(17,707	)
Total		81,947
Less current portion		(15,665	)
	$	66,282

The following is a schedule of minimum future rentals on the non-cancelable finance leases as of March 31, 2019

Year ending December 31,	Total
2019 (remaining months)	$	7,835
2020		10,444
2021		2,793
Total minimum payments required:		21,072
Less amount representing interest:		(2,033
Present value of net minimum lease payments:		19,039
Less current portion		(9,776
	$	9,263

Disclosures related to periods prior to adoption of ASC 842

Minimum future lease payments under lease obligations as of December 31, 2018 are as follows:

Year Ended December 31,	Capital		Operating
2019	$	10,222	$	29,779
2020		10,222	38,202
2021		2,736	38,202
2022		-	38,202
2023		-	25,477
Total future minimum lease payments		23,180	169,862
Less amount representing interest		(2,484)
Present value of net minimum lease payment		20,696
Less current portion		(8,580)
	$	12,116