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Leases (Tables)
 6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Summary of Operating and Financing Leases

 

The following table summarizes the Company’s operating and financing leases as of and for the six months ended June 30, 2020:

 

(in thousands)

 

US

 

 

Ireland

 

 

Total

 

Lease cost

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

236

 

 

$

103

 

 

$

339

 

Financing lease cost

 

23

 

 

 

—

 

 

 

23

 

Sublease income

 

 

—

 

 

 

(98

)

 

 

(98

)

Total

 

$

259

 

 

$

5

 

 

$

264

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other information

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows out from operating leases

 

 

(236

)

 

 

(103

)

 

 

(339

)

Operating cash flows in from operating leases

 

 

-

 

 

 

98

 

 

 

98

 

Operating cash flows out from financing leases

 

 

(22

)

 

 

—

 

 

 

(22

)

Weighted average remaining lease term

 

 

0.7

 

 

 

1.1

 

 

 

 

 

Weighted average discount rate - operating leases

 

 

8

%

 

 

8

%

 

 

 

 
Schedule of Remaining Maturity of Operating Leases Excluding Short-Term Leases

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

 

(in thousands)

 

US

 

 

Ireland

 

 

Total

 

Year ended December 31, 2020

 

$

239

 

 

$

105

 

 

$

344

 

Year ended December 31, 2021

 

$

78

 

 

 

122

 

 

 

200

 

Total

 

$

317

 

 

 

227

 

 

 

544

 

Less present value discount

 

$

(9

)

 

 

(10

)

 

 

(19

)

Operating lease liabilities included in the condensed consolidated balance sheet at June 30, 2020

 

$

308

 

 

$

217

 

 

$

525