Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Components of lease expense

The components of lease expense were as follows:

		Three Months Ended		Nine Months Ended
		September 30,		September 30,
(in thousands)		2019		2019
Operating lease expense	$	116	$	348
Finance lease expense:
Amortization of leased assets		4		12
Interest on lease liabilities		2		5
Total finance lease expense		6		17
Total lease expense	$	122	$	365

Cash flow supplemental disclosures for leases

Supplemental cash flow information related to leases was as follows:

		Three Months Ended		Nine Months Ended
		September 30,		September 30,
(in thousands)		2019		2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	160	$	481
Operating cash flows from finance leases		2		5
Financing cash flows from finance leases		6		15
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	-	$	1,638
Finance leases		-		-

Schedule of future minimum operating lease payments

As of September 30, 2019, maturities of lease liabilities were as follows:

		Operating		Finance
(in thousands)		leases		leases
2019	$	160	$	7
2020		656		27
2021		676		9
2022		696		-
2023		175		-
Thereafter		-		-
Total minimum lease payments		2,363		43
Less: amount representing interest		(230)		(4)
Present value of lease liabilities	$	2,133	$	39

Supplemental balance sheet information related to leases

Supplemental balance sheet information related to leases was as follows:

(in thousands)		September 30, 2019
Operating leases
Operating lease right-of-use assets	$	1,394
Current portion of operating lease liability		651
Operating lease liability, net of current portion		1,482
Total operating lease liabilities	$	2,133
Finance leases
Property and equipment, at cost	$	66
Accumulated depreciation		(21)
Property and equipment, net	$	45
Current portion of finance lease obligations	$	24
Finance lease obligations, net of current portion		15
Total finance lease liabilities	$	39
Weighted Average Remaining Lease Term
Operating leases		4 years
Finance leases		2 years
Weighted Average Discount Rate
Operating leases		6.0%
Finance leases		13.8%

Lease guarantee future commitments finance leases

As of September 30, 2019, maturities of lease liabilities were as follows:

		Operating		Finance
(in thousands)		leases		leases
2019	$	160	$	7
2020		656		27
2021		676		9
2022		696		-
2023		175		-
Thereafter		-		-
Total minimum lease payments		2,363		43
Less: amount representing interest		(230)		(4)
Present value of lease liabilities	$	2,133	$	39