Leases (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Lease Assets and Liabilities Obligations

The following table summarizes the supplemental balance sheet information related to lease assets and lease liabilities as of September 30, 2020 and December 31, 2019 (in thousands):


	Classification	September 30, 2020		December 31, 2019
Assets
Operating lease assets	Right-of-use assets	$	881	$	965
Finance lease assets	Property and equipment, net of accumulated depreciation	8,425		9,302
Total lease assets		$	9,306	$	10,267
Liabilities
Current
Operating	Current portion of operating lease obligations	$	383	$	364
Finance	Current portion of finance lease obligation - related parties	1,312		3,440
Noncurrent
Operating	Long-term portion of operating lease obligation	565		650
Finance	Finance lease obligations, net of current portion - related parties	—		648
Total lease liabilities		$	2,260	$	5,102

Schedule of Lease Expenses

The following table summarizes the components of lease expense for the three and nine months ended September 30, 2020 and 2019 (in thousands, unaudited):


Lease Cost	Classification	Three Months Ended September 30,				Nine Months Ended September 30,
		2020		2019		2020		2019
Operating lease cost	Cost of sales	$	42	$	29	$	122	$	116
Operating lease cost	Selling, general and administrative expenses	4		75		185		182
Finance lease cost
Amortization of leased assets	Depreciation	294		274		879		858
Interest on lease liabilities	Interest expense	104		170		400		510
Net lease cost		$	444	$	548	$	1,586	$	1,666

Schedule of Future Minimum Lease Payments for Operating and Finance Obligation

The following schedule presents the future minimum lease payments for our operating and finance obligations at September 30, 2020 (in thousands):


	Operating Leases		Finance Leases		Total
Remainder 2020	$	139	$	727	$	866
2021	429		646		1,075
2022	172		—		172
2023	145		—		145
2024	149		—		149
Thereafter	25		—		25
Total lease payments	1,059		1,373		2,432
Less: Interest	(111)		(61)		(172)
Present value of lease liabilities	$	948	$	1,312	$	2,260

Schedule of Lease Costs and Terms for Operating and Finance Lease Obligations

Lease term and discount rates for our operating and finance lease obligations are as follows:


Lease Term and Discount Rate						September 30, 2020
Weighted-average remaining lease term (years)
Operating leases						3.1
Finance leases						0.3
Weighted-average discount rate
Operating leases						7.3%
Finance leases						8.9%

Schedule of Supplemental Cash Flow Information Related To Leases

The following table summarizes the supplemental cash flow information related to leases for the nine months ended September 30, 2020 and 2019:


Other information	September 30, 2020		September 30, 2019
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	287	$	298
Financing cash flows from finance leases	2,640		2,582
Interest paid	400		510
Noncash activities from right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	1,163	$	1,173