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Subsequent Events
12 Months Ended
Dec. 31, 2019
Subsequent Events [Abstract]  
Subsequent Events

13. Subsequent events

 

In January 2020, the Company signed a new four-year lease which covers approximately 2,771 square feet of office and storage space. This lease is effective March 1, 2020 and extends through February 29, 2024, with a right to extend the term for an additional five-year period, subject to the terms and conditions set forth in the lease agreement.  The monthly rent will be $13,855, subject to annual increases of 3.5 percent. The Company also leases additional storage space of approximately 540 square feet. This lease expires in February 2020, and requires us to make monthly payments of $1,294, subject to annual increases. In February 2020, the Company renewed this lease, which requires us to make monthly payments of $1,370, subject to a 2.5 percent annual increase. The Company will record a right of use asset and lease liability obligation of $735,306 upon inception of these leases.