Leases

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

LEASES

NOTE 17: LEASES

We have entered into various non-cancelable operating lease agreements for certain of our offices and office equipment. Our leases have original lease periods expiring between 2020 and 2023. Many leases include one or more options to renew. We do not assume renewals in our determination of the lease term unless the renewals are deemed to be reasonably assured at lease commencement. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.

The components of lease costs, lease term and discount rate are as follows:

(in thousands)	Year Ended December 31, 2019
Finance lease cost
Amortization of right-of-use assets	$	32
Interest		5
Operating lease cost		736
Total lease cost	$	773
Weighted Average Remaining Lease Term
Operating leases		3.4 years
Finance leases		1.2 years
Weighted Average Discount Rate
Operating leases		10.0	%
Finance leases		13.64	%

The following is a schedule, by years, of maturities of lease liabilities as of December 31, 2019:

(in thousands)	Operating Leases			Finance Leases
2020		681			23
2021		630			4
2022		377			1
2023		375			-
2024		-			-
Thereafter		-			-
Total undiscounted cash flows		2,063			28
Less imputed interest		(317	)		(2	)
Present value of lease liabilities		1,746			26
Lease liabilities, current		646			21
Lease liabilities, non-current		1,100			5
Present value of lease liabilities		1,746			26

Supplemental cash flow information related to leases are as follows:

	Year Ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	719
Operating cash flows from finance leases	$	1
Financing cash flows from finance leases	$	31

Future minimum lease payments under leases with initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2018 were as follows in accordance with ASC 840:

Year ending December 31,	Lease Obligations
2019	$	726
2020		613
2021		423
2022		374
Thereafter		375
Total future minimum obligations	$	2,511

Rent expense totaled $488 for the year ended December 31, 2018 and is included in General and Administrative expenses.