XML 31 R33.htm IDEA: XBRL DOCUMENT v3.20.1
Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of Lease Cost

The following table summarizes the effect of operating and finance lease costs in the Company’s consolidated statement of operations and comprehensive loss (in thousands):

Lease cost

 

Year ended

December 31, 2019

 

Finance lease cost:

 

 

 

 

Amortization of right-of-use assets

 

$

235

 

Interest on lease liabilities

 

 

36

 

Operating lease cost

 

 

1,995

 

Variable lease cost

 

 

659

 

Total lease cost

 

$

2,925

 

Schedule of Other Information Related to Leases

The following table summarizes supplemental information for the Company’s finance and operating leases:

 

Other information

 

Year ended

December 31, 2019

 

Weighted-average remaining lease term - operating leases (in years)

 

1.9 years

 

Weighted-average discount rate - operating leases

 

 

11.9

%

 

Schedule of Maturity of Lease Liabilities

The minimum lease payments for the next five years and thereafter is expected to be as follows (in thousands):

 

 

 

December 31, 2019

 

Maturity of lease liabilities

 

Operating Leases

 

2020

 

$

2,314

 

2021

 

 

1,951

 

2022

 

 

23

 

2023

 

 

 

2024

 

 

 

Thereafter

 

 

 

Total lease payments

 

$

4,288

 

Less: effect of discounting

 

 

(432

)

Present value of lease liabilities

 

$

3,856

 

 

Summary of Lease Assets and Liabilities

The following table summarizes the presentation of the Company’s operating leases in its consolidated balance sheets (in thousands):

 

Leases

 

Classification

 

December 31, 2019

 

Assets

 

 

 

 

 

 

Operating lease assets

 

Operating lease assets

 

 

3,360

 

Total lease assets

 

 

 

$

3,360

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

Current

 

 

 

 

 

 

Operating

 

Accrued expenses and other current liabilities

 

$

1,983

 

Noncurrent

 

 

 

 

 

 

Operating

 

Noncurrent operating lease liabilities

 

 

1,873

 

Total lease liabilities

 

 

 

$

3,856

 

 

Schedule of Future Minimum Lease Payments under the Company’s Operating Leases

Under ASC 840, future minimum non-cancelable lease payments under the Company’s operating leases as of December 31, 2018 were as follows (in thousands):

 

Year ending December 31,

 

 

 

2019

$

2,225

 

2020

 

2,277

 

2021

 

1,926

 

 

$

6,428