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Note 5 - Leases: Schedule of Lease expense and other information (Tables)
6 Months Ended
Jun. 30, 2020
Tables/Schedules  
Schedule of Lease expense and other information

 

 

Three Months

Ended

June 30, 2020

 

Six Months

Ended

June 30, 2020

                                                                                                                    

 

                             

 

                             

Operating lease expense

 

$   1,800,009   

 

$ 3,587,594   

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

Operating cash flows from operating leases  

 

1,757,246   

 

3,513,126   

Weighted-average remaining lease term – operating leases (in years)

 

7.04   

 

 

Weighted-average discount rate – operating leases

 

5.33 %

 

 

 

 

 

 

 

Lease maturity schedule as of June 30, 2020:

 

Amount

 

 

Remainder of 2020

 

$   3,488,489   

 

 

2021  

 

6,573,797   

 

 

2022  

 

5,968,827   

 

 

2023  

 

5,178,703   

 

 

2024  

 

4,491,185   

 

 

2025 and beyond  

 

13,708,299   

 

 

    Total 

 

39,409,300   

 

 

Less: Interest

 

(6,377,200)  

 

 

Present Value of Lease Liability

 

$ 33,032,100