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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases, Operating [Abstract]  
Components of Lease Expense
The components of lease expense were as follows:
 
(in thousands)
 
Three Months Ended
March 31, 2019
 
Operating lease cost
 
$
178
 
Total lease cost
 
$
178
 
Weighted-average remaining lease term (years)
 
 
2.40
 
Weighted-average discount rate
 
 
8.00
%
Lessee, Operating Lease, Liability, Maturity
As of March 31, 2019, the maturities of the Company’s operating lease liabilities were as follows (in thousands):
 
Maturity of Lease Liabilities
 
Operating Leases
 
2019 (excluding the three months ended March 31, 2019)
 
 
557
 
2020
 
 
755
 
2021
 
 
491
 
Total lease payments
 
 
1,803
 
Less: Imputed Interest
 
 
211
 
Present value of lease payments
 
$
1,592
 
Future Net Minimum Lease Payments under Operating Leases
For comparative purposes, the Company’s aggregate future minimum non-cancellable commitments under operating leases as of December 31, 2018 were as follows:
 
2019
 
 
723
 
2020
 
 
736
 
2021
 
 
488
 
Future minimum lease payments, net
 
$
1,947