XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.20.2

LEASES | 9 Months Ended
--- | ---
Sep. 30, 2020
Disclosure Text Block [Abstract] |
Lessor, Operating Leases [Text Block] | NOTE 8 – LEASES We have entered into office space lease agreements, which qualify as operating leases under Topic 842. Under such leases, the lessors receive annual minimum (base) rent. The leases have original terms (excluding extension options) ranging from one to ten years. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. We record base rent expense under the straight-line method over the term of the lease. In the accompanying condensed consolidated statements of comprehensive loss, rent expense is included in operating expenses under selling, general and administrative expenses. The components of the rent expense for the three and nine months ended September 30, 2020 and 2019 were as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Operating lease cost |  | $ | 540 |  |  | $ | 552 |  |  | $ | 1,613 |  |  | $ | 1,694 |
Sublease income |  |  | (11 | ) |  |  | (37 | ) |  |  | (107 | ) |  |  | (112 | )
Net rent expense |  | $ | 529 |  |  | $ | 515 |  |  | $ | 1,506 |  |  | $ | 1,582 |
For purposes of calculating the operating lease assets and lease liabilities, extension options are not included in the lease term unless it is reasonably certain we will exercise the option, or the lessor has the sole ability to exercise the option. The weighted average discount rate of our operating leases is 10% and 9% as of September 30, 2020 and December 31, 2019, respectively. The weighted average remaining lease term is five and six years as of September 30, 2020 and December 31, 2019, respectively. Supplemental cash flow information related to operating leases for the nine months ended September 30, 2020 and 2019 follow:
|  | Nine Months Ended September 30, |
|  | 2020 |  |  | 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash outflows from operating leases |  | $ | 1,699 |  |  | $ | 1,743 |
Non-cash operating activities: |  |  |  |  |  |  |  |
Operating lease assets obtained in exchange for new operating lease liabilities |  | $ | 1,052 |  |  | $ | 8,093 |
Future minimum commitments over the life of all operating leases, which exclude variable rent payments, are as follows:
Year Ending December 31 |  | Operating Leases |
2020 (remainder) |  | $ | 578 |
2021 |  |  | 2,354 |
2022 |  |  | 1,837 |
2023 |  |  | 1,142 |
2024 |  |  | 1,022 |
Thereafter |  |  | 2,630 |
Total minimum lease payments |  |  | 9,563 |
Less imputed interest |  |  | (1,940 | )
Total lease liabilities |  | $ | 7,623 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for lessor's operating leases. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 40 -Subparagraph Note 1 -URI http://asc.fasb.org/extlink&oid=121580752&loc=d3e38371-112697 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 40 -Subparagraph Note 3 -URI http://asc.fasb.org/extlink&oid=121580752&loc=d3e38371-112697 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=77888252 + Details
Name: | us-gaap_OperatingLeasesOfLessorDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration