Right to Use Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2018

Right to Use Assets and Liabilities

Schedule of right to use assets

The Company has included the right to use assets in property and equipment, net, as follows (in thousands):

	September 30,		December 31,
	2018		2017
Right to use assets	$	10,673	$	10,673
Accumulated depreciation		(1,120)		(926)
	$	9,553	$	9,747

Schedule of future changes in the right to use liability

The following is a schedule by year of the future changes in the right to use liabilities as of September 30, 2018 (in thousands):

2018	$	218
2019		486
2020		486
2021		487
2022		487
Thereafter (1)		13,260
Total minimum lease payments		15,424
Amounts representing interest		(5,350)
Present value of net minimum right to use liability payments	$	10,074

Includes $4.8 million of scheduled derecognition of right to use liabilities upon the reduction in lease deposits to less than two months’ rent.