LEASES (Tables)

12 Months Ended

Dec. 31, 2019

LEASES

Schedule of lease cost

The following components of lease expense are included in the Company’s consolidated statements of operations for the year ended December 31, 2019 and 2018:

	December 31,		December 31,
(in thousands)	2019		2018
Operating lease cost	$	2,651	$	1,440
Net lease cost	$	2,651	$	1,440

Schedule of classification of lease liabilities

The balance sheet classification of lease liabilities was as follows:

	December 31,
(in thousands)	2019
Liabilities
Lease liability current portion	$	1,616
Lease liability non-current		10,218
Total lease liability	$	11,834

Schedule of lease liability maturity

As of December 31, 2019, the maturities of lease liabilities were as follows:

	Operating
(in thousands)		leases
2020	$	1,804
2021		1,874
2022		1,911
2023		1,913
2024		1,796
After 2024		10,615
Total lease payments		19,913
Less: Interest		(8,079)
Present value of lease liabilities(*)	$	11,834