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Leases (Tables)
 9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Summary of Operating and Financing Leases

 

The following table summarizes the Company’s operating and financing leases as of and for the nine months ended September 30, 2019:

 

(in thousands)

 

U.S.

 

 

Ireland

 

 

Total

 

Lease cost

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

592

 

 

$

160

 

 

$

752

 

Financing lease cost

 

 

32

 

 

 

—

 

 

 

32

 

Sublease income

 

 

(215

)

 

 

(133

)

 

 

(348

)

Total

 

$

409

 

 

$

27

 

 

 

436

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other information

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows out from operating leases

 

 

(634

)

 

 

(160

)

 

 

(794

)

Operating cash flows in from operating leases

 

 

215

 

 

 

133

 

 

 

348

 

Operating cash flows from financing leases

 

 

(35

)

 

 

—

 

 

 

(35

)

Right-of-use assets exchanged for new operating lease liabilities

 

 

874

 

 

 

—

 

 

 

874

 

Weighted average remaining lease term

 

 

1.4

 

 

 

1.8

 

 

 

 

 

Weighted average discount rate - operating leases

 

 

8

%

 

 

8

%

 

 

 

 
Schedule of Maturity of Operating Leases Excluding Short-Term Leases

 

Maturities of the Company’s operating leases, excluding short-term leases, are as follows:

 

(in thousands)

 

U.S.

 

 

Ireland

 

 

Total

 

Three months ended December 31, 2019

 

$

129

 

 

$

51

 

 

$

180

 

Year ended December 31, 2020

 

 

498

 

 

 

203

 

 

 

701

 

Year ended December 31, 2021

 

 

79

 

 

 

119

 

 

 

198

 

Total

 

 

706

 

 

 

373

 

 

 

1,079

 

Less present value discount

 

 

(40

)

 

 

(27

)

 

 

(67

)

Operating lease liabilities included in the condensed consolidated

   balance sheets at September 30, 2019

 

$

666

 

 

$

346

 

 

$

1,012