Commitments (Tables)

9 Months Ended

Sep. 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):

	September 30, 2019
Assets
Operating	$	818
Financing		180
Total leased assets	$	998

Liabilities
Current:
Operating	$	156
Financing		144
Noncurrent:
Operating	$	684
Financing		38
Total lease liabilities	$	1,022

Weighted-average remaining lease term (years) - operating leases	6.96
Weighted-average remaining lease term (years) - finance leases	1.32
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 Statements of Operations, and cash payments from its Unaudited Consolidated Statements of Cash Flows during the three and nine months ended September 30, 2019 (in thousands):

	Three months ended September 30, 2019		Nine months ended September 30, 2019
Lease expense:
Operating lease expense	$	56	$	169
Finance lease expense:
Depreciation of right-of-use assets		32		85
Interest expense on lease liabilities		2		7
Total lease expense	$	90	$	261

Cash payment information:
Operating cash used for operating leases	$	38	$	147
Financing cash used for financing leases		1		75
Total cash paid for amounts included in the measurement of lease liabilities	$	39	$	222

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 September 30, 2019 are as follows (in thousands):

	Financing			Operating
	Leases			Leases
Remaining 2019	$	59		$	75
2020		122			205
2021		7			183
2022		—			123
2023		—			100
Thereafter		—			448
Total minimum lease payments	$	188		$	1,134
Less: amount representing interest		(6	)		(294	)
Present value of obligations under leases		182			840
Less: current portion		(144	)		(156	)
Noncurrent lease obligations	$	38		$	684