Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.2
Leases (Tables)
9 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Components of Lease Cost



 

 

 

 

 



Three Months Ended

 

Nine Months Ended



June 30, 2020

 

June 30, 2020

Finance lease cost:

 

 

 

 

 

Amortization of right-of-use assets

$

2,178 

 

$

6,535 

Interest on lease liabilities

 

1,238 

 

 

4,097 

Operating lease cost

 

124,326 

 

 

378,006 

Short-term lease cost

 

1,863 

 

 

5,589 

Variable lease cost

 

24,213 

 

 

91,349 

Sublease income

 

(45,382)

 

 

(135,071)

Total lease cost

$

108,436 

 

$

350,505 



Summary of Lease Information



 



June 30, 2020

Operating Leases

 

Weighted-average remaining lease term

4.0

Weighted-average discount rate

12.02%

Finance Leases

 

Weighted-average remaining lease term

1.7

Weighted average discount rate

13.86%



Schedule of Maturities of Lease Liabilities



 

 

 

 

 

 

 

 



Operating

 

Finance

 

Sublease



Leases

 

Leases

 

Income

Fiscal year ended September 30,

 

 

 

 

 

 

 

 

2020

$

129,402 

 

$

5,432 

 

$

48,745 

2021

 

431,061 

 

 

22,199 

 

 

198,668 

2022

 

350,054 

 

 

9,496 

 

 

203,584 

2023

 

295,258 

 

 

 —

 

 

190,749 

2024

 

191,559 

 

 

 —

 

 

 —

Thereafter

 

164,725 

 

 

 —

 

 

 —

Total lease payments

 

1,562,059 

 

 

37,127 

 

$

641,746 

Less imputed interest

 

(328,522)

 

 

(4,261)

 

 

 

Total lease liabilities

$

1,233,537 

 

$

32,866 

 

 

 



Schedule of Future Minimum Payments Under Leases



 

 

 

 

 

 

 

 



Operating

 

Sublease

 

 



Leases

 

Income

 

Net Total

Fiscal year ended September 30,

 

 

 

 

 

 

 

 

2020

$

469,002 

 

$

193,753 

 

$

275,249 

2021

 

433,751 

 

 

198,668 

 

 

235,083 

2022

 

337,456 

 

 

203,584 

 

 

133,872 

2023

 

114,493 

 

 

190,749 

 

 

(76,256)

2024

 

11,238 

 

 

 —

 

 

11,238 

Total minimum lease payments

$

1,365,940 

 

$

786,754 

 

$

579,186