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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
Summary of supplemental consolidated balance sheet information related to leases | Supplemental consolidated balance sheet information related to leases was as follows:
|  | As of December 31, 2019 |
Operating leases: |  | RMB |
Operating leases right-of-use assets |  |  | 37,215 |
Current portion of lease liabilities |  |  | 2,735 |
Non-current portion of lease liabilities |  |  | 32,480 |
Total operating lease liabilities |  |  | 35,215 |
Weighted average remaining lease term (in years) |  |  | 1.2 |
Weighted average discount rate |  |  | 4.75 | %
Summary of cash flow information related to leases | Supplemental cash flow information related to leases for the year ended December 31, 2019 is as follows:
|  | For the year ended December 31, 2019 |
|  | RMB |
Cash paid for amounts included in measurement of liabilities: |  |  |  |
Operating cash flows from operating leases |  |  | 28,319 |
Non-cash right-of-use assets in exchange for new lease liabilities: |  |  |  |
Operating leases |  |  | 15,986 |
Summary of maturities of lease payments | Maturities of lease payments by year and in the aggregate, under non-cancellable operating leases with terms in excess of one year as of December 31,2019 are as follows:
|  | As of December 31, 2019 |
|  | RMB |
2020 |  |  | 33,430 |
2021 |  |  | 2,746 |
2022 and thereafter |  |  | — |
Total lease payment |  |  | 36,176 |
Less imputed interest |  |  | (961 | )
Total |  |  | 35,215 |
|  | As of December 31, 2019 |
|  | RMB |
2019 |  |  | 23,901 |
2020 |  |  | 22,955 |
2021 |  |  | 3,826 |
2022 and thereafter |  |  | — |
Total |  |  | 50,682 |
Summary of Future minimum lease payments | As of December 31, 2018, the undiscounted future minimum lease payments under non-cancellable operating leases prior to the adoption of the lease ASUs were as follows:
|  | As of December 31, 2019 |
|  | RMB |
2019 |  |  | 23,901 |
2020 |  |  | 22,955 |
2021 |  |  | 3,826 |
2022 and thereafter |  |  | — |
Total |  |  | 50,682 |

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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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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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