Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Schedule of Components of Lease Cost

The components of lease cost for the Company’s leases were as follows (in thousands):

 

    Three Months Ended     Six Months Ended  
    June 30, 2019     June 30, 2019  
Operating Leases:                
Lease cost   $ 124     $ 228  
                 
Finance Leases:                
Amortization of ROU assets     10       19  
Interest on lease liablity     13       25  
      23       44  
                 
Short-term lease rent expense     23       72  
                 
Total lease cost   $ 170     $ 344  

Schedule of Weighted Average Lease

The weighted average remaining lease term and the weighted average discount rate for operating and finance leases at June 30, 2019 was:

 

    Operating Leases     Finance Leases  
Weighted average remaining lease terms (years)     9.2       1.5  
                 
Weighted average discount rate     8.0 %     11.1 %
Schedule of Operating Lease Liability Maturity

The following table reconciles the undiscounted cash flows for the operating and finance leases at June 30, 2019 to the operating and finance lease liabilities recorded on the balance sheet (in thousands):

 

    Operating Leases     Finance Leases  
2019 Remainder   $ 218     $ 141  
2020     443       336  
2021     450       27  
2022     459        ―  
2023     466        ―  
2024 and thereafter     1,799        ―  
Total undiscounted lease payments     3,835       504  
Less: Imputed interest     (1,136 )     (47 )
Present value of lease payments   $ 2,699     $ 457  
                 
Current portion of operating lease obligations   $ 231     $ ―  
Long-term operating lease obligations, less current portion   $ 2,468     $ ―  
Current portion of finance lease obligations   $ ―     $ 245  
Long-term finance lease obligations, less current portion   $ ―     $ 212  
Schedule of Finance Lease Liability Maturity

The following table reconciles the undiscounted cash flows for the operating and finance leases at June 30, 2019 to the operating and finance lease liabilities recorded on the balance sheet (in thousands):

 

    Operating Leases     Finance Leases  
2019 Remainder   $ 218     $ 141  
2020     443       336  
2021     450       27  
2022     459        ―  
2023     466        ―  
2024 and thereafter     1,799        ―  
Total undiscounted lease payments     3,835       504  
Less: Imputed interest     (1,136 )     (47 )
Present value of lease payments   $ 2,699     $ 457  
                 
Current portion of operating lease obligations   $ 231     $ ―  
Long-term operating lease obligations, less current portion   $ 2,468     $ ―  
Current portion of finance lease obligations   $ ―     $ 245  
Long-term finance lease obligations, less current portion   $ ―     $ 212  
Schedule of Supplemental Cash Flow and Other Information Related to Leases

Supplemental cash flow and other information related to our leases were as follows (in thousands):

 

    Three Months Ended     Six Months Ended  
    June 30, 2019     June 30, 2019  
Cash paid for amounts included in the measurement of lease liabilities:                
Operating cash flow used in operating leases   $ 119     $ 217  
Operating cash flow used in finance leases   $ 13     $ 25  
Financing cash flow used in finance leases   $ 57     $ 101  
                 
ROU assets obtained in exchange for lease obligations for:                
Finance liabilities   $  ―     $ 138  
Operating liabilities   $ 182     $ 182