Right-of-Use Assets and Liabilities
|3 Months Ended|
Mar. 31, 2020
|Right-of-Use Assets and Liabilities|
|Right-of-Use Assets and Liabilities||
Note 13 – Right-of-Use Assets and Liabilities
Future lease payments under operating leases as of March 31,2020 were as follows:
Operating lease costs under the operating leases totaled $150,000 and $140,300 for the three months ended March 31, 2020 and 2019, respectively.
As of March 31, 2020, the weighted average discount rate was 4.5% and the weighted average remaining lease term was 3.5 years.
Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.
Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef