Leases

12 Months Ended

Dec. 31, 2019

The Company has operating and finance leases for corporate offices, doctors’ offices, and certain equipment. These leases have remaining lease terms of 1 month to 5 years, some of which may include options to extend the leases for up to 10 years, and some of which may include options to terminate the leases within one year. As of December 31, 2019 and December 31, 2018, assets recorded under finance leases were $0.5 million and $0.6 million, respectively, and accumulated depreciation associated with finance leases was $0.3 million and $0.2 million, respectively.

Also, the Company rents or subleases certain real estate to third parties, which are accounted for as operating leases.

Leases with an initial term of 12 months or less are not recorded on the balance sheet.

The components of lease expense were as follows:



	Year Ended December 31, 2019

Operating lease cost	$	5,437,078

Finance lease cost
Amortization of lease expense	101,741
Interest on lease liabilities	17,179

Sublease income	$	(414,704	)

Total lease cost, net	$	5,141,294

Other information related to leases was as follows:



	Year Ended December 31, 2019

Supplemental Cash Flows Information

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	5,254,079
Operating cash flows from finance leases	17,179
Financing cash flows from finance leases	101,741

Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	16,727,589
Finance leases	—

	Year Ended December 31, 2019

Weighted Average Remaining Lease Term

Operating leases	6.48 years
Finance leases	4.67 years

Weighted Average Discount Rate

Operating leases	6.11		%
Finance leases	3.00		%

Future minimum lease payments under non-cancellable leases as of December 31, 2019 were as follows:



Years ending December 31,	Operating Leases		Finance Leases
2020	$	3,781,174	$	118,920
2021	2,711,802		118,920
2022	2,376,159		118,920
2023	2,130,226		118,920
2024	1,788,047		79,255
Thereafter	4,783,381		—

Total future minimum lease payments	17,570,789		554,935
Less: imputed interest	3,207,506		37,675
Total lease obligations	14,363,283		517,260
Less: current portion	2,990,686		101,741
Long-term lease obligations	$	11,372,597	$	415,519

As of December 31, 2019, the Company does not have additional operating and finance leases that have not yet commenced.

Supplemental Information for Comparative Periods

As of December 31, 2018, prior to the adoption of ASC 842, future minimum payments under operating leases having initial or remaining non-cancellable lease terms in excess of one year were as follows:



Years ending December 31,	Operating Leases		Finance Leases
2019	$	2,848,000	$	119,000
2020	2,267,000		119,000
2021	783,000		119,000
2022	487,000		119,000
2023	489,000		119,000
Thereafter	243,000		79,000

Total future minimum lease payments	7,117,000		674,000

Rent expense for leases for the years ended December 31, 2018 and 2017 was approximately $4.3 million and $2.4 million, respectively.

Leases