LEASES (Tables)

9 Months Ended

Sep. 30, 2018

LEASES

Schedule of components of lease expense and related cash flows

The components of lease expense and related cash flows were as follows (in thousands):

	For the three months ended September 30,
	2018		2017
Lease cost
Operating lease cost	$	99	$	99
Short-term lease cost		55		—
Total lease cost	$	154	$	99
Operating cash flows from operating leases	$	103	$	100

	For the nine months ended September 30,
	2018		2017
Lease cost
Operating lease cost	$	296	$	296
Short-term lease cost		117		—
Total lease cost	$	413	$	296
Operating cash flows from operating leases	$	307	$	296

Schedule of future minimum commitments

Future minimum commitments due under these lease agreements as of September 30, 2018 are as follows (in thousands):

Years Ending December 31,		Operating  Lease Obligation (1)		Other Lease Obligations (2)		Total
2018 (remaining three months)	$	69	$	63	$	132
2019		34		52		86
2020		—		—		—
2021		—		—		—
2022		—		—		—
Present value adjustment		(2)		—		(2)
Total minimum lease payments	$	101	$	115	$	216

(1) Future minimum lease payments under the Company’s operating lease for its current corporate headquarters and lab space in Waltham, Massachusetts.

Future minimum lease payments under the Company’s Waverley Oaks Lease. Excluded from the table above is the Watertown Lease because the Company has concluded that it does not control the space during the construction period and does not expect to gain control of the space until on or near construction completion.