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COMMITMENTS AND CONTINGENCIES (Tables)
3 Months Ended
Mar. 31, 2020
COMMITMENTS AND CONTINGENCIES  
Schedule of lease cost

 

 

 

 

 

 

Lease cost (In thousands)

Three Months Ended March 31, 2020

    

Three Months Ended March 31, 2019

Operating lease cost

$

91

 

$

91

Short-term lease cost

 

 8

 

 

 6

Variable lease cost

 

25

 

 

 —

Total lease cost

$

124

 

$

97

 

 

 

 

 

 

 

 

 

 

 

 

Other information (In thousands)

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

Operating cash flows from short term leases

$

 8

 

$

 6

Operating cash flows from operating leases

 

93

 

 

 —

Total cash paid for leases

$

101

 

$

 6

Right-of-use assets obtained in exchange for operating lease liabilities

$

 —

 

$

1,475

Weighted-average remaining lease term - operating leases

 

3.6 Years

 

 

4.6 Years

Weighted-average discount rate - operating leases

 

7.0%

 

 

7.0%

 

Schedule of maturities of lease liabilities

 

 

 

 

Leases (In thousands)

As of March 31, 2020

    

2020 (excluding the 3 months ended March 31, 2020)

$

282

 

2021

 

386

 

2022

 

398

 

2023

 

339

 

2024

 

 —

 

Total lease payments

 

1,405

 

Less: imputed interest

 

(159)

 

Present value of lease liabilities

$

1,246

 

 

Schedule of balance sheet information

 

 

 

 

 

 

 

 

 

Leases (In thousands)

 

Classification

    

March 31, 2020

 

December 31, 2019

Assets

 

 

 

 

 

 

 

 

Lease asset

 

Operating

 

$

1,142

 

$

1,211

Total lease assets

 

 

 

$

1,142

 

$

1,211

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

Current

 

Operating

 

$

302

 

$

294

Non-Current

 

Operating

 

 

944

 

 

1,020

Total lease liabilities

 

 

 

$

1,246

 

$

1,314