LEASES (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Schedule of maturities of operating lease liabilities

Maturities of our lease liabilities for all operating leases are as follows as of June 30, 2020:

June 30, 2020
	Facilities			Equipment			Plant			Railcar			Total
Year 1	$	750,108		$	161,539		$	4,060,417		$	1,032,436		$	6,004,500
Year 2	496,361			107,723			4,060,417			328,416			4,992,917
Year 3	375,507			—			4,060,417			93,846			4,529,770
Year 4	300,000			—			4,060,417			—			4,360,417
Year 5	300,000			—			4,060,417			—			4,360,417
Thereafter	2,225,000			—			31,494,699			—			33,719,699
Total lease payments	$	4,446,976		$	269,262		$	51,796,784		$	1,454,698		$	57,967,720
Less: interest	(1,573,677		)	(13,675		)	(21,557,397		)	(83,866		)	(23,228,615		)
Present value of lease liabilities	$	2,873,299		$	255,587		$	30,239,387		$	1,370,832		$	34,739,105

Schedule of operating lease weighted average remaining lease terms and discount rates

The weighted average remaining lease terms and discount rates for all of our operating leases were as follows as of June 30, 2020:

Remaining lease term and discount rate:	June 30, 2020
Weighted average remaining lease terms (years)
Lease facilities	5.78
Lease equipment	1.67
Lease plant	12.76
Lease railcar	1.36
Weighted average discount rate
Lease facilities	9.15	%
Lease equipment	8.00	%
Lease plant	9.37	%
Lease railcar	8.00	%