Lease Commitments (Tables)

3 Months Ended

Mar. 31, 2020

The following table summarizes supplemental balance sheet information related to the operating lease as of March 31, 2020 and December 31, 2019.

	March 31,		December 31,
	2020		2019
Assets:
Operating lease right-of-use assets		939		933
Total right-of-use assets	$	939	$	933

Liabilities:
Operating lease liabilities, current		148		161
Operating lease liabilities, non-current		606		635
Total operating lease liabilities	$	754	$	796

As of March 31, 2020, the future minimum annual lease payments under the operating lease were as follows (in thousands):

2020	$	110
2021		171
2022		176
2023		181
2024		186
Thereafter		80
Total minimum lease payments	$	904

Less: amount representing interest		(150	)
Present value of operating lease liabilities		754
Less: operating lease liabilities, current		(148	)
Operating lease liabilities	$	606

Weighted-average remaining lease term (in years)		5.08
Weighted-average incremental borrowing rate		7.25	%