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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of Lease Costs

The Company’s lease costs are recorded in cost of contract revenues and general and administrative expenses. For the year ended December 31, 2019, lease costs are as follows:

 

Year Ended

 

 

December 31, 2019

 

Operating lease cost

$

27,259

 

Short-term lease cost

 

70,382

 

Total lease cost

$

97,641

 

Schedule of Maturity Analysis of Operating Lease Liabilities

As recorded on the balance sheet, the Company’s maturity analysis of its operating lease liabilities as of December 31, 2019 is as follows:

 

 

 

 

 

 

 

 

2020

 

$

25,585

 

 

2021

 

 

21,537

 

 

2022

 

 

15,620

 

 

2023

 

 

9,752

 

 

2024

 

 

7,052

 

Thereafter

 

 

2,852

 

Minimum lease payments

 

 

82,398

 

Imputed interest

 

 

9,916

 

Present value of minimum operating lease payments

 

$

72,482

 

Future Minimum Operating Lease Payments

Future minimum operating lease payments at December 31, 2018, were as follows:

 

 

2019

 

$

26,554

 

 

2020

 

 

22,349

 

 

2021

 

 

18,430

 

 

2022

 

 

13,552

 

 

2023

 

 

9,041

 

Thereafter

 

 

8,697

 

Total minimum operating lease payments

 

$

98,623

 

Schedule of Additional Information Related to Leases

Additional information related to the Company’s leases as of December 31, 2019 is as follows:

 

 

December 31, 2019

 

Weighted average remaining lease term

4.2 years

 

Weighted average discount rate

 

6.7

%

Supplemental Information Related to Leases

Supplemental information related to leases during the year ended December 31, 2019 is as follows:

 

 

Year Ended

 

 

December 31, 2019

 

Operating cash flows from operating leases

$

(27,235

)

Operating lease liabilities arising from obtaining new operating lease assets

$

13,149