Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.19.1
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2018
Schedule of Future Minimum Capital Lease Commitments

Pursuant to the terms of this capital lease agreement, the future minimum capital lease commitments are as follows as of December 31, 2018:

 

Total future minimum lease payments – end in 2019   $ 378  
Less: interest     (3 )
Future capital lease obligations     375  
Less: current portion     (375 )
Long-term portion   $  

August 2017 Lease Agreement [Member]  
Schedule of Future Minimum Rent Commitments

Pursuant to the terms of the Company’s non-cancelable lease agreements in effect at December 31, 2018, the future minimum rent commitments are as follows:

 

2019   $ 623,958  
2020     784,243  
2021     830,600  
2022     855,150  
2023     879,699  
Thereafter     1,055,639  
Total   $ 5,029,289  

February 2019 Lease Agreement [Member]  
Schedule of Future Minimum Rent Commitments

The future minimum rent commitments for the Total Premises are estimated to be approximately as follows:

 

2019   $ 678,000  
2020     1,288,000  
2021     1,592,000  
2022     1,640,000  
2023     1,687,000  
Thereafter     5,036,000  
Total   $ 11,921,000