18. Commitments and Contingencies Under Topic 842, operating lease expense is generally recognized evenly on a straight-line basis. The Company has operating leases primarily consisting of facilities with remaining lease terms of one year to five years. The lease term represents the period up to the early termination date unless it is reasonably certain that the Company will not exercise the early termination option. Certain leases include rental payments that are adjusted periodically based on changes in consumer price and other indices. Leases with an initial term of twelve months or less are not recorded on the condensed consolidated balance sheet. For lease agreements entered into or reassessed after the adoption of Topic 842, the Company combines the lease and non-lease components in determining the lease liabilities and ROU assets. Activity related to the Company's leases was as follows: Nine Months Ended September 30, 2019 Operating lease expense $ 417,287 Cash paid for amounts included in the measurement of operating lease liabilities $ 273,398 ROU assets obtained in exchange for operating lease obligations $ 1,499,752 The Company's lease agreements generally do not provide an implicit borrowing rate, therefore an internal incremental borrowing rate is determined based on information available at lease commencement date for purposes of determining the present value of lease payments. The Company used the incremental borrowing rate on December 31, 2018 for all leases that commenced prior to that date. ROU lease assets and lease liabilities for the Company's operating leases were recorded in the condensed consolidated balance sheet as follows: As of September 30, 2019 Other assets $ 1,189,773 Accounts payable and accrued liabilities $ 385,784 Other long-term liabilities 876,929 Total lease liabilities $ 1,262,713 Weighted average remaining lease term (in years) 2.91 Weighted average discount rate 6.00 % Future lease payments included in the measurement of lease liabilities on the condensed consolidated balance sheet as of September 30, 2019, for the following five fiscal years and thereafter were as follows: As of September 30, 2019 2019 - Remaining 115,982 2020 393,413 2021 248,223 2022 195,144 2023 200,944 Thereafter 205,438 Total future minimum lease payments $ 1,359,144 Less imputed interest (96,431 ) Total $ 1,262,713 As of September 30, 2019, the Company had additional operating lease obligations for a lease with a future effective date of approximately $600,000. This operating lease will commence during the first quarter of fiscal 2022 with a lease term of three years.