Prepaid Expenses and Other Current Assets

6 Months Ended

Jun. 30, 2020

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid Expenses and Other Current Assets

NOTE 2 — PREPAID EXPENSES AND OTHER CURRENT ASSETS

        The components of prepaid expenses and other current assets consist of the following (in thousands):

	June 30, 2020		December 31, 2019
Prepaid expenses	$	1,232	$	1,234
Advances and deposits	7,122		364
Tradable equity securities	—		5,069
Derivative asset (Note 6)	1,884		3,121
Other current assets	218		1,510
Total prepaid expenses and other current assets	$	10,456	$	11,298

Advances and Deposits

We advanced approximately $6.9 million to an unrelated third-party in connection with the purchase of an LNG cargo. See Note 10, Commitments and Contingencies, for further information regarding this purchase.