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Leases (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Summary of Lease Cost and Information Related to the Right-of-Use Assets and Operating Lease Liabilities

The following table presents the lease cost and information related to the right-of-use assets and operating lease liabilities: 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Lease cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average rent expense

 

$

28,357

 

 

$

62,085

 

 

$

56,715

 

 

$

124,140

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the

   measurement of operating lease liabilities

 

$

29,145

 

 

$

62,154

 

 

$

58,290

 

 

$

124,308

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The weighted average remaining lease term

   and discount rate at June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average remaining lease

   term - operating leases

 

 

 

 

 

 

 

 

 

 

1.08

 

 

 

 

 

Weighted-average discount rate - operating leases

 

 

 

 

 

 

 

 

 

 

13.28

%

 

 

 

 

Schedule of Future Payments Related to Operating Leases Activities

As of June 30, 2020, future payments related to operating leases activities are presented in the table below:

 

 

 

2020

 

 

2021

 

 

2022 and

Thereafter

 

 

Total Lease

Payments

 

Operating leases

 

$

59,490

 

 

$

69,685

 

 

$

 

 

$

129,175

 

Less interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(8,167

)

Present value of lease liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

$

121,008