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LEASE LIABILITIES | 6 Months Ended
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Jun. 30, 2019
LEASE LIABILITIES |
LEASE LIABILITIES | NOTE 9 LEASE LIABILITIES On January 1, 2019, the Company adopted ASC 842, “Lease Accounting,” and recorded a nominal cumulative-effect adjustment to the opening accumulated deficit balance. The Company’s lease obligations include equipment, vehicles and office space. Leased assets are included in plant and equipment (See note 7 for details). The terms and conditions contained in the Company’s leases do not contain variable components. Lease liabilities as at June 30, 2019 and December 31, 2018 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Total discounted lease liabilities
​ | ​ | June 30, 2019 | ​ | December 31, 2018
Finance leases | ​ | $ | 7,039 | ​ | ​ | 6,429
Operating lease | ​ | ​ | 969 | ​ | $ | —
Lease liabilities | ​ | $ | 8,008 | ​ | $ | 6,429
Current portion | ​ | ​ | (2,007) | ​ | ​ | (1,511)
Long-term portion | ​ | $ | 6,001 | ​ | $ | 4,918
​ Lease liabilities at June 30, 2019 are recorded using a discount rate of 8.73% and 7.32%, respectively for operating and finance leases and have average remaining lease terms of five years and three years, respectively. Lease related costs for the three and six months ended June 30, 2019 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended June 30, | ​ | Six months ended June 30,
​ | ​ | Operating lease | ​ | Finance leases | ​ | Operating lease | ​ | Finance leases
Amortization of ROU assets | ​ | $ | 27 | ​ | $ | 318 | ​ | $ | 53 | ​ | $ | 485
Interest expense | ​ | ​ | 21 | ​ | ​ | 153 | ​ | ​ | 43 | ​ | ​ | 288
Total | ​ | $ | 48 | ​ | $ | 471 | ​ | $ | 96 | ​ | $ | 773
​ Future minimum lease payments (undiscounted) as at June 30, 2019 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Payments due by period
​ |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | Thereafter |  | Total
Operating lease obligation | ​ | $ | 111 | ​ | $ | 225 | ​ | $ | 230 | ​ | $ | 232 | ​ | $ | 237 | ​ | $ | 158 | ​ | $ | 1,193
Finance lease obligations | ​ |  | 1,194 | ​ |  | 2,317 | ​ |  | 2,362 | ​ |  | 2,057 | ​ |  | 105 | ​ |  | — | ​ | ​ | 8,035
Total future minimum lease payments | ​ | $ | 1,305 | ​ | $ | 2,542 | ​ | $ | 2,592 | ​ | $ | 2,289 | ​ | $ | 342 | ​ | $ | 158 | ​ | $ | 9,228
Less: Imputed interest | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (1,220)
Total | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 8,008
​

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- References No definition available. + Details
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