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LEASE LIABILITIES | 12 Months Ended
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Dec. 31, 2019
LEASE LIABILITIES |
LEASE LIABILITIES | NOTE 10 LEASE LIABILITIES On January 1, 2019, the Company adopted ASC 842, “Leases,” under a modified retrospective transition method 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 (Note 8). The terms and conditions contained in the Company’s leases do not contain variable components. ​ Lease liabilities as at December 31, 2019 and 2018 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Total discounted lease liabilities
​ | ​ | December 31, 2019 | ​ | December 31, 2018
Finance leases | ​ | $ | 6,229 | ​ | $ | 6,429
Operating lease | ​ | ​ | 904 | ​ | ​ | —
Lease liabilities | ​ | $ | 7,133 | ​ | $ | 6,429
Current portion | ​ | ​ | (2,115) | ​ | ​ | (1,511)
Long-term portion | ​ | $ | 5,018 | ​ | $ | 4,918
​ Lease liabilities at December 31, 2019 are recorded using a weighted average discount rate of 8.73% and 7.28%, respectively, for operating and finance leases and have average remaining lease terms of five years and three years, respectively. ​ During the year ended December 31, 2019, the Company recorded $1.8 million in interest and other finance costs related to leases. A breakdown of the lease related costs for the year ended December 31, 2019 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Year ended December 31,
​ | ​ | ​ | ​ | ​ | ​ | 2019
Finance leases: | ​ | ​ | ​ | ​ | ​ | ​
Amortization of ROU assets | ​ | ​ | ​ | ​ | $ | 1,123
Interest expense | ​ | ​ | ​ | ​ | ​ | 517
Total | ​ | ​ | ​ | ​ | $ | 1,640
​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease: | ​ | ​ | ​ | ​ | ​ | ​
Rent expense | ​ | ​ | ​ | ​ | $ | 193
​ Future minimum undiscounted lease payments as at December 31, 2019 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Payments due by period
​ |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | Total
Operating lease obligation | ​ | $ | 226 | ​ | $ | 230 | ​ | $ | 232 | ​ | $ | 237 | ​ | $ | 158 | ​ | $ | 1,083
Finance lease obligations | ​ |  | 2,340 | ​ |  | 2,385 | ​ |  | 2,081 | ​ |  | 105 | ​ |  | — | ​ |  | 6,911
Total future minimum lease payments | ​ | $ | 2,566 | ​ | $ | 2,615 | ​ | $ | 2,313 | ​ | $ | 342 | ​ | $ | 158 | ​ | $ | 7,994
Less: Imputed interest | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (861)
Total | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 7,133
​

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- Definition The entire disclosure of information about leases. + References No definition available. + Details
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- References No definition available. + Details
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Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
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