Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.1
Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Summary of Lease Assets and Lease Liabilities

The following table presents a summary of the Company’s lease assets and lease liabilities as of March 31, 2019:

 

 

 

Classification

 

March 31, 2019

 

Lease Assets

 

 

 

 

 

 

Operating lease assets

 

Other assets

 

$

3,215,736

 

 

 

 

 

 

 

 

Lease Liabilities

 

 

 

 

 

 

Current operating lease liabilities

 

Accounts payable and accrued liabilities

 

$

2,713,102

 

Non-current operating lease liabilities

 

Other accrued liabilities

 

 

490,938

 

Total lease liabilities

 

 

 

$

3,204,040

 

Summary of Maturity Analysis of Operating Lease Liabilities

The following table presents the Company’s maturity analysis of its operating lease liabilities as of March 31, 2019:

 

 

 

 

 

March 31, 2019

 

2019

 

 

 

$

2,301,874

 

2020

 

 

 

 

858,904

 

2021

 

 

 

 

67,007

 

2022

 

 

 

 

64,100

 

2023

 

 

 

 

20,553

 

Total lease payments

 

 

 

$

3,312,438

 

Less: interest

 

 

 

 

(108,398

)

Present value of lease liabilities

 

 

 

$

3,204,040

 

Schedule of Future Minimum Lease Payments Under Non-Cancelable Operating Leases

The following table provides the future minimum lease payments under operating leases having initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2018:

 

 

 

 

 

December 31, 2018

 

2019

 

 

 

$

3,613,980

 

2020

 

 

 

 

910,778

 

2021

 

 

 

 

88,469

 

2022 and beyond

 

 

 

 

114,466

 

Total minimum operating lease payments

 

 

 

$

4,727,693