LEASES

January 1, 2019,

the Company adopted ASU

2016

“Leases (Topic

842

),” a new standard related to leases to increase transparency and comparability among organizations by requiring the recognition of lease assets and lease liabilities on the balance sheet. Most prominent among the amendments is the recognition of assets and liabilities by lessees for those leases classified as operating leases under previous U.S. GAAP.

The Company has operating and finance leases for facilities, vehicles and equipment. These leases have remaining terms of

years to

years, some of which include options to extended the leases for up to

years.

Supplemental balance sheet information related to leases:

	September 30, 2019			December 31, 2018
Operating leases:
Operating lease right-of-use assets	$	9,448,909		$	-


Other current liabilities		959,808			-
Operating lease liabilities		8,617,781			-
Total operating lease liabilities	$	9,577,589		$	-


Weighted Average Remaining Lease Term
Operating Leases (in years)		11.2			-

Weighted Average Discount Rate
Operating Leases		5.0	%		-