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Operating Leases (Tables) | 9 Months Ended
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Sep. 30, 2019
Operating Leases |
Schedule of Operating Lease Expense Recognized in Financial Statements | The table below summarizes the amounts recognized in the financial statements related to operating leases for the periods presented (in thousands):
|  | For the three months |  | For the nine months
|  | ended |  | ended
|  | September 30, 2019 |  | September 30, 2019
Rent expense for long-term operating leases |  | $ | 453 |  | $ | 1,360
Rent expense for short-term leases |  |  | 66 |  |  | 237
Total rent expense |  | $ | 519 |  | $ | 1,597
Schedule of Net Present Value of Operating Lease Liability | The following table presents the maturity profile of the Company’s operating lease liabilities based on the contractual undiscounted payments with a reconciliation of these amounts to the remaining net present value of the operating lease liability reported in the consolidated balance sheet as of September 30, 2019 (in thousands).
Year |  | Amount
2019 |  | $ | 461
2020 |  |  | 1,736
2021 |  |  | 1,331
2022 |  |  | 1,249
2023 |  |  | 1,047
2024 and thereafter |  |  | 5,685
Total lease payments |  |  | 11,509
Less: Interest |  |  | (3,411)
Net present value of lease liabilities |  | $ | 8,098
Current portion |  | $ | 1,149
Long-term portion |  |  | 6,949
Total |  | $ | 8,098
Schedule of Weighted Average Remaining Lease Terms and Discount Rates | The weighted average remaining lease terms and discount rates for all of our operating leases as of September 30, 2019 were as follows:
Weighted-average lease term remaining |  | 70 months |
Weighted-average discount rate |  | 8.98 | %

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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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