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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases  
Schedule of future lease payments

The undiscounted future non-cancellable lease payments under the Company’s leases were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

As of March 31, 2019

    

Operating Leases

 

Finance Lease

    

Total

2019 (remaining nine months)

    

$

1,272

    

$

 8

 

$

1,280

2020

 

 

1,728

 

 

10

 

 

1,738

2021

 

 

851

 

 

 —

 

 

851

2022

 

 

47

 

 

 —

 

 

47

2023

 

 

 —

 

 

 —

 

 

 —

Thereafter

 

 

 —

 

 

 —

 

 

 —

Total undiscounted lease payments

 

 

3,898

 

 

18

 

 

3,916

Less: Present value adjustment

 

 

(256)

 

 

(1)

 

 

(257)

Total lease liability

 

 

3,642

 

 

17

 

 

3,659

Less: Current portion of lease liability

 

 

(1,532)

 

 

(10)

 

 

(1,542)

Total lease liability, net of current portion

 

$

2,110

 

$

 7

 

$

2,117

 

As determined under ASC 840, the future minimum rental commitments under the Company’s operating leases at December 31, 2018 were as follows (in thousands):

 

 

 

 

 

Year Ending December 31,

 

Amount

2019

 

$

1,645

2020

 

 

1,701

2021

 

 

846

2022

 

 

47

2023

 

 

 —

Thereafter

 

 

 —

Total minimum lease payments

 

$

4,239

 

Schedule of supplemental information

 

 

 

 

 

 

 

As of March 31, 2019

    

Operating leases

    

    

Finance lease

    

Weighted-average remaining lease term (years)

    

2.36

 

 

1.67

    

Weighted-average discount rate

 

6.00

%

 

3.50

%