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Commitments (Tables)
9 Months Ended
Sep. 30, 2020
Commitments And Contingencies Disclosure [Abstract]  
Future Minimum Payments Under Contractual Commitments

The following table summarizes the Company’s future minimum payments under contractual commitments, excluding debt, as of September 30, 2020, and after giving effect to the termination of the Company’s employment agreement with James L. Reynolds, its former President, and the related payment obligations thereunder, effective as of October 30, 2020, and the Company’s entry into the Separation Agreement and the related payment obligations thereunder, effective as of October 30, 2020 (see Note 12):

 

 

 

Payments due by period

 

 

 

Total

 

 

Less than

one year

 

 

1 - 3 years

 

 

4 - 5 years

 

 

More than 5

years

 

Operating lease obligations

 

$

510,843

 

 

$

213,429

 

 

$

297,414

 

 

$

 

 

$

 

Employment contracts

 

 

283,167

 

 

 

245,667

 

 

 

37,500

 

 

 

 

 

 

 

Total

 

$

794,010

 

 

$

459,096

 

 

$

334,914

 

 

$

 

 

$