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Leases | 9 Months Ended
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Sep. 30, 2020
Leases [Abstract] |
Leases |
6 | LEASES
The Company leases a parcel of land in Marfa, Texas that one of its greenhouses resides on as well as two distribution centers located in Fort Worth, Texas and Surrey, British Columbia. The Company also leases production related equipment at its greenhouses in Texas and British Columbia. In January 2020, the Company commenced leasing of an office building located in Lake Mary, Florida for its corporate headquarters. The components of lease related expenses are as follows:
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Operating lease expense (a) |  | $ | 533 |  |  | $ | 588 |  |  | $ | 1,649 |  |  | $ | 1,762 |
Finance lease expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 12 |  |  | $ | 20 |  |  | $ | 51 |  |  | $ | 60 |
Interest on lease liabilities |  |  | 1 |  |  |  | 2 |  |  |  | 3 |  |  |  | 6 |
Total finance lease expense |  | $ | 13 |  |  | $ | 22 |  |  | $ | 54 |  |  | $ | 66 |
(a) | Includes short-term lease costs of $275 and $777 for the three months ended September 30, 2020 and 2019, and $315 and $943 for the nine months ended September 30, 2020 and 2019, respectively.
Cash paid for amounts included in the measurement of lease liabilities:
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Operating cash flows from operating leases |  | $ | 308 |  |  | $ | 256 |  |  | $ | 935 |  |  | $ | 778 |
Operating cash flows from finance leases |  | $ | 1 |  |  | $ | 2 |  |  | $ | 3 |  |  | $ | 6 |
Finance cash flows from finance leases |  | $ | 12 |  |  | $ | 21 |  |  | $ | 51 |  |  | $ | 69 |
|  | September 30, 2020 |
Weighted average remaining lease term: |  |  |  |  |  |
Operating leases |  |  |  |  | 4.4 |
Finance leases |  |  |  |  | 1.3 |
Weighted average discount rate: |  |  |  |  |  |
Operating leases |  |  |  |  | 5.77 | %
Finance leases |  |  |  |  | 6.25 | %
Maturities of lease liabilities are as follows:
|  | Operating leases |  |  | Finance leases |
Remainder of 2020 |  | $ | 315 |  |  | $ | 12 |
2021 |  |  | 1,305 |  |  |  | 30 |
2022 |  |  | 1,090 |  |  |  | 9 |
2023 |  |  | 870 |  |  |  | — |
2024 |  |  | 512 |  |  |  | — |
Thereafter |  |  | 691 |  |  |  | — |
Undiscounted lease cash flow commitments |  |  | 4,783 |  |  |  | 51 |
Reconciling impact from discounting |  |  | (607 | ) |  |  | (5 | )
Lease liabilities on consolidated statement of financial position as of September 30, 2020 |  | $ | 4,176 |  |  | $ | 46 |

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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