Basis of Preparation (Tables)

6 Months Ended

Jun. 30, 2019

Basis of Preparation [Abstract]

Financial Information Associated with our Leases

The tables below present financial information associated with our leases. This information is only presented as of, and for the six months ended, June 30, 2019, because, as noted above, we adopted Topic 842 using a transition method that does not require application to periods prior to adoption.

	Classification	June 30, 2019
Assets
Current
Finance lease assets	Investment in sales-type sublease - current	$	858,000
Long-term
Finance lease assets	Investment in sales-type sublease - net of current portion		984,000
Operating lease assets	Operating lease right-of-use asset		144,000
Total leased assets		$	1,986,000
Liabilities
Current
Finance lease liabilities	Obligations under finance lease - current portion	$	1,391,000
Operating lease liabilities	Operating lease right-of-use liability - current portion		34,000
Long-term
Finance lease liabilities	Obligations under finance lease - net of current portion		323,000
Operating lease liabilities	Operating lease right-of-use liability - net of current portion		125,000
Total lease liabilities		$	1,873,000
Lease Cost
Operating lease cost	Selling, general and administrative	$	21,000
Finance lease cost
Interest on lease liabilities	Interest expense		52,000
Sublease income	Interest income - sales-type sublease		73,000
Net lease cost		$	-

Maturity of Lease Liabilities

Maturity of lease liabilities (as of June 30, 2019)	Operating lease			Finance lease
2019	$	21,000		$	759,000
2020		43,000			923,000
2021		45,000			90,000
2022		46,000			-
2023		24,000			-
Total	$	179,000		$	1,772,000
Less amount representing interest		20,000			58,000
Present value of lease liabilities	$	159,000		$	1,714,000
Discount rate		5.850	%		4.555	%