Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2019

Commitments and Contingencies Disclosure [Abstract]

Minimum future rental payments required under capital and operating leases

A summary of minimum future commitments required under the Company’s cloud data storage contracts as of June 30, 2019 are as follows:



For the Years Ending December 31,	Cloud Data Storage
Remaining in 2019	$	2,654,058
2020	5,706,469
2021	6,895,895
2022	1,057,227
2023	1,162,950
Thereafter	—
Total minimum lease payments	$	17,476,599

Minimum future principal payments

A summary of minimum future principal payments under our Credit Facilities as of June 30, 2019 are as follows:



For the Years Ending December 31,	Credit Facilities⁽¹⁾
Remaining in 2019	$	7,500,000
2020	25,373,574
Total minimum loan payments	$	32,873,574

(1)

Interest rates on the Credit Facilities are variable in nature, however, the Company is party to a fixed-pay amortizing interest rate swap having a remaining notional amount of $18.8 million and a non-amortizing interest rate cap with a notional amount of $10.7 million. If interest rates were to remain at the June 30, 2019 level, we would receive interest payments of $0.04 million in 2019 and $0.02 million in 2020 of net settlements on the fixed-pay amortizing interest rate swap and non-amortizing interest rate cap.