Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Maturities of Lease Liabilities

As of September 30, 2019, the weighted average remaining term of the Company’s operating leases was 5.4 years and the lease liabilities arising from obtaining ROU assets reflect a weighted average discount rate of 12.5%. Maturities of lease liabilities due under these operating lease agreements as of September 30, 2019 are as follows (in thousands):

Remainder of 2019	$	215
2020		867
2021		889
2022		849
2023		815
Thereafter		1,176
Total lease payments		4,811
Less imputed interest		(1,322	)
Total operating lease liabilities		3,489
Less: current portion		461
Non-current portion	$	3,028

Future Minimum Lease Payments Under Non-Cancellable Operating Leases

As previously disclosed in the Company’s Transition Report on Form 10-K for the six months ended December 31, 2018, and, under the previous lease accounting standard, ASC 840, Leases, the Company’s total future minimum lease payments under non-cancellable operating leases at December 31, 2018 were as follows (in thousands):

2019	$	826
2020		879
2021		895
2022		849
2023 and beyond		1,990
	$	5,439