Annual report pursuant to Section 13 and 15(d)

Commitment and Contingencies (Tables)

v3.20.1
Commitment and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Schedule of rent expense and supplemental cash flow information related to leases
   

Twelve Months Ended

December 31,
2019

  
Lease Cost      
Operating lease cost (of which $102,461 is included in general and administration and $597,007 is included in cost of sales in the Company's statement of operations)   $ 699,468  
         
Other Information        
Weighted average remaining lease term – operating leases (in years)     3.4  
Average discount rate – operating leases     3.75 %
Schedule of Suplemental balance sheet information related to leases

    At December 31,
2019		  
Operating leases      
Long-term right-of-use assets, net of amortization of $154,921   $ 2,186,775  
         
Short-term operating lease liabilities   $ 617,642  
Long-term operating lease liabilities     1,659,506  
Total operating lease liabilities   $ 2,277,148  

Schedule of maturities of lease liabilities

Year Ending   Operating Leases  
2020     692,977  
2021     720,922  
2022     746,752  
2023     272,057  
Total lease payments     2,432,708  
Less: Imputed interest/present value discount     (155,560 )
Present value of lease liabilities   $ 2,277,148