XML 44 R24.htm IDEA: XBRL DOCUMENT v3.19.1
Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Summary of Operating and Finance Leases Presented in Balance Sheet

The following table summarizes the Company’s recognition of its operating and finance leases (in thousands):

 

 

Classification

 

March 31, 2019

 

Assets

 

 

 

 

 

Operating

Other non-current assets

 

$

621

 

Finance

Other non-current assets

 

 

78

 

Total leased assets

 

 

 

699

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

Current

 

 

 

 

 

Operating

Operating lease liabilities

 

 

317

 

Finance

Accrued and other current liabilities

 

 

26

 

Non-current

 

 

 

 

 

Operating

Non-current operating lease liabilities

 

 

372

 

Finance

Other non-current liabilities

 

 

52

 

Total lease liabilities

 

 

$

767

 

Summary of Weighted Average Remaining Lease Term and Discount Rates For Company's Operating and Finance Leases

The following table summarizes the weighted-average remaining lease term and discount rates for the Company’s operating and finance leases:

 

 

 

March 31, 2019

 

Lease term (years)

 

 

 

 

Operating leases

 

 

2.0

 

Finance leases

 

 

2.8

 

 

 

 

 

 

Discount rate

 

 

 

 

Operating leases

 

9.5%

 

Finance leases

 

9.5%

 

Schedule of Maturities of Operating and Finance Lease Liabilities

The maturities of the Company’s operating and finance lease liabilities as of March 31, 2019 were as follows (in thousands):

 

 

 

Operating Leases

 

 

Finance Leases

 

2019 (excluding the three months ended March 31, 2019)

 

$

265

 

 

$

24

 

2020

 

 

409

 

 

 

32

 

2021

 

 

83

 

 

 

32

 

Total lease payments

 

 

757

 

 

 

88

 

Less:

 

 

 

 

 

 

 

 

Imputed interest

 

 

(68

)

 

 

(10

)

Total

 

$

689

 

 

$

78

 

 

Summary of Future Annual Minimum Lease Payments Due Under Non-cancellable Operating Leases

As of December 31, 2018, future annual minimum lease payments, as defined under the previous lease accounting guidance of ASC Topic 840, due under non-cancelable operating leases at December 31 of each year are as follows (in thousands):

 

2019

 

$

397

 

2020

 

 

409

 

2021

 

 

83

 

Thereafter

 

 

 

Total minimum lease payments

 

$

889