XML 24 R13.htm IDEA: XBRL DOCUMENT v3.19.2
Leases
 6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Leases
NOTE 4 - LEASES

 

    On January 1, 2019, the Company adopted ASU 2016-02, Leases (Topic 842) (“ASU 2016-02”) using the modified retrospective approach for all lease arrangements at the beginning period of adoption. Leases existing for the reporting period beginning January 1, 2019 are presented under ASU 2016-02. The Company leases office space and vehicles under operating leases. At June 30, 2019, the Company’s ROU assets and lease liabilities for operating leases totaled $492 and $492, respectively. The impact of adopting the new lease standard was not material to the Company’s condensed consolidated statement of operations for the periods presented.
     
    Supplemental cash flow information related to operating leases was as follows (unaudited):

 

   Six Months Ended
June 30, 2019		 
Cash payments for operating leases  $156 

 

    As of June 30, 2019, our operating leases had a weighted average remaining lease term of 2 years and a weighted average discount rate of 7%. Future lease payments under operating leases as of June 30, 2019 were as follows:

 

   Operating Leases 
Remainder of 2019  $156 
2020   284 
2021   77 
Total future lease payments  517 
Less imputed interest   (25)
Total lease liability balance  $492