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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2019
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Lease Payments for Operating Leases

The future minimum lease payments for the next five years and thereafter as of September 30, 2019, are as follows:

 

Year Ending December 31,

 

Operating

 

(in thousands)

Leases

 

2019 (October - December)

 

 

193

 

2020

 

 

1,090

 

2021

 

 

1,120

 

2022

 

 

1,143

 

2023

 

 

1,165

 

Thereafter

 

 

6,585

 

Total lease payments

 

 

11,296

 

Less: imputed interest

 

 

(4,385

)

Present value of lease liabilities

 

$

6,911

 

Under the prior lease guidance minimum rental commitments under non-cancelable leases for each of the next five years and thereafter as of December 31, 2018, were as follows:

 

Year Ending December 31,

 

Operating

 

(in thousands)

Leases

 

2019

 

$

464

 

2020

 

 

226

 

2021

 

 

 

2022

 

 

 

2023

 

 

 

Thereafter

 

 

 

Total lease payments

 

$

690

 

Schedule of Components of Leases Expense The components of lease expense are as follows:

 

 

 

Three Months

 

 

Nine Months

 

 

 

Ended September 30,

 

 

Ended September 30,

 

 

2019

 

 

2019

 

 

 

(in thousands)

 

Operating lease cost

 

$

330

 

 

$

577

 

Short-term lease cost

 

 

72

 

 

 

185

 

Sublease income

 

 

(28

)

 

 

(83

)

Total lease cost

 

$

374

 

 

$

679

 

 

Summary of Balance Sheet Information Related to Leases

The following table summarizes the presentation in our condensed consolidated balance sheet information related to our operating leases:

 

 

 

As of September 30,

 

 

2019

 

 

 

(in thousands)

 

Assets

 

 

 

 

Operating lease right-of-use assets

 

$

7,172

 

Liabilities

 

 

 

 

Operating lease liabilities, short-term

 

 

409

 

Operating lease liabilities, long-term

 

 

6,502

 

Total operating lease liabilities

 

$

6,911

 

Schedule of Weighted Average Remaining Lease Term and Weighted Average Discount Rate of Operating Leases

The weighted average remaining lease term and weighted average discount rate of our operating leases are as follows:

 

 

 

As of September 30,

 

 

2019

 

Weighted average remaining lease term in years

 

 

9.73

 

Weighted average discount rate

 

 

11.1

%

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follow:

 

 

 

Three Months

 

 

Nine Months

 

 

 

Ended September 30,

 

 

Ended September 30,

 

 

2019

 

 

2019

 

 

 

(in thousands)

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

27

 

 

$

216

 

Investing cash flows from operating leases

 

 

287

 

 

 

586

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

 

 

 

 

Operating leases

 

 

 

 

 

6,817