XML 44 R29.htm IDEA: XBRL DOCUMENT v3.20.1
11. Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
Lease cost

   Three months ended 
   March 31, 
Lease cost 2020 2019
 Operating leases   $               81,251    $               41,342
 Short-term leases                              -                               -
 Total lease cost (1)   $               81,251    $               41,342
       
Other information on operating leases      
Cash payments included in the measurement of lease      
liability reported in operating cash flows  $               82,736    $               41,379
Discount rate 5.50%   5.50%
Weighted average remaining lease term in years 5.71 years   5 years

 

(1)Included in the condensed consolidated statements of operations and comprehensive loss within other underwriting expenses for KICO and within other operating expenses for Cosi.

Schedule of lease liability maturities

 

 For the Year   
 Ending   
 December 31,   Total 
Remainder of 2020  $     102,691
2021         264,571
2022         273,831
2023         283,415
2024         140,739
 Thereafter          192,916
 Total undiscounted lease payments       1,258,163
 Less:  present value adjustment          54,213
 Operating lease liability   $  1,203,950