Commitments (Tables)

6 Months Ended

Jun. 30, 2019

Summary of Lease Liabilities and Right-of-Use Assets

The table below summarizes the Company’s lease liabilities and corresponding right-of-use assets (in thousands, except years and rates):

	June 30, 2019
Assets
Operating	$	905
Financing		181
Total leased assets	$	1,086

Liabilities
Current:
Operating	$	157
Financing		127
Noncurrent:
Operating	$	748
Financing		54
Total lease liabilities	$	1,086

Weighted-average remaining lease term (years) - operating leases	7.20
Weighted-average remaining lease term (years) - finance leases	1.59
Weighted-average discount rate - operating leases	7.97	%
Weighted-average discount rate - finance leases	5.00	%

Summary of Lease Costs

The table below summarizes the Company’s lease costs from its Unaudited Consolidated Statement of Operations, and cash payments from its Unaudited Consolidated Statement of Cash Flows during the three and six months ended June 30, 2019 (in thousands):

	Three months ended June 30, 2019		Six months ended June 30, 2019
Lease expense:
Operating lease expense	$	55	$	109
Finance lease expense:
Depreciation of right-of-use assets		28		56
Interest expense on lease liabilities		6		12
Total lease expense	$	89	$	177

Cash payment information:
Operating cash used for operating leases	$	55	$	109
Financing cash used for financing leases		20		28
Total cash paid for amounts included in the measurement of lease liabilities	$	75	$	137

Summary of Future Minimum Annual Lease Payments under Operating and Financing Leases

The Company’s future minimum annual lease payments under operating and financing leases at June 30, 2019 are as follows (in thousands):

	Financing			Operating
	Leases			Leases
Remaining 2019	$	67		$	109
2020		120			205
2021		7			183
2022		—			123
2023		—			100
Thereafter		—			447
Total minimum lease payments	$	194		$	1,167
Less: amount representing interest		(13	)		(262	)
Present value of obligations under leases		181			905
Less: current portion		(127	)		(157	)
Noncurrent lease obligations	$	54		$	748