Quarterly report pursuant to Section 13 or 15(d)

5. Operating Lease Assets (Tables)

v3.19.1
5. Operating Lease Assets (Tables)
 3 Months Ended
Mar. 31, 2019
Response Rate Increase  
Additional details related to leases on Balance Sheet

The following are additional details related to leases recorded on our Balance Sheet as of March 31, 2019:

 

Leases   Classification  

As of

March 31, 2019
Assets        
  Operating lease assets   Operating lease assets   $ 480,370
Total lease assets       $ 480,370
Liabilities        
Current        
  Operating lease liabilities   Other current liabilities   $ 240,231
Noncurrent        
  Operating lease liabilities   Noncurrent operating lease liabilities   241,461
Total lease liabilities       $ 481,692
Schedule of Minimum Lease Payments

The maturity analysis below summarizes the remaining future undiscounted cash flows for our operating leases, a reconciliation to operating lease liabilities reported on the Condensed Consolidated Balance Sheet, our weighted-average remaining lease term and weighted average discount rate:

 

  As of
  March 31, 2019
2019 $ 198,327     
2020 270,982     
2021 35,748     
2022 11,916     
2023 -     
Thereafter -     
   Total future lease payments 516,973     
   Less: imputed interest (35,281)    
Total $ 481,692     
   
Weighted Average Remaining Lease Term (years)  
   Operating leases 2     
   
Weighted Average Discount Rate  
   Operating leases 6.2    %