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v3.20.1

Leases | 3 Months Ended
--- | ---
Mar. 31, 2020
Leases [Abstract] |
Leases | Leases The following table summarizes the supplemental balance sheet information related to lease assets and lease liability obligations as of March 31, 2020 and December 31, 2019 (in thousands):
| Classification |  | March 31, 2020 |  | December 31, 2019
Assets |  |  |  |  |
Operating lease assets | Operating lease right-of-use assets |  | $ | 849 |  |  | $ | 965 |
Finance lease assets | Property and equipment, net of accumulated depreciation |  | 9,009 |  |  | 9,302 |
Total lease assets |  |  | $ | 9,858 |  |  | $ | 10,267 |
Liabilities |  |  |  |  |
Current |  |  |  |  |
Operating | Current portion of operating lease obligations |  | $ | 334 |  |  | $ | 364 |
Finance | Current portion of finance lease obligation |  | 3,319 |  |  | 3,440 |
Noncurrent |  |  |  |  |
Operating | Operating lease liabilities |  | 586 |  |  | 650 |
Finance | Finance lease obligations—related parties, net of current portion |  | 1 |  |  | 648 |
Total lease liabilities |  |  | $ | 4,240 |  |  | $ | 5,102 |
The following table summarizes the components of lease expense for the three months ended March 31, 2020 and 2019 (in thousands, unaudited):
Lease Cost |  | Classification | Three Months Ended March 31,
2020 |  | 2019
Operating lease cost |  | Cost of sales | $ | 39 |  |  | $ | 39 |
Operating lease cost |  | Selling, general and administrative expenses | 91 |  |  | 67 |
Finance lease cost |  |  |  |  |
Amortization of leased assets |  | Depreciation | 293 |  |  | 934 |
Interest on lease liabilities |  | Interest expense | 161 |  |  | 174 |
Net lease cost |  |  | $ | 584 |  |  | $ | 1,214 |
The following schedule presents the future minimum lease payments for our operating and finance obligations at March 31, 2020 (in thousands):
| Operating Leases |  | Finance Leases |  | Total
Remainder 2020 | $ | 321 |  |  | $ | 2,919 |  |  | $ | 3,240 |
2021 | 237 |  |  | 651 |  |  | 888 |
2022 | 176 |  |  | — |  |  | 176 |
2023 | 145 |  |  | — |  |  | 145 |
2024 | 149 |  |  | — |  |  | 149 |
Thereafter | 25 |  |  | — |  |  | 25 |
Total lease payments | 1,053 |  |  | 3,570 |  |  | 4,623 |
Less: Interest | (133 | ) |  | (250 | ) |  | (383 | )
Present value of lease liabilities | $ | 920 |  |  | $ | 3,320 |  |  | $ | 4,240 |
Lease term and discount rates for our operating and finance lease obligations are as follows:
Lease Term and Discount Rate |  | March 31, 2020
Weighted-average remaining lease term (years) |  |
Operating leases |  | 3.5 |
Finance leases |  | 0.8 |
Weighted-average discount rate |  |
Operating leases |  | 7.3 | %
Finance leases |  | 9.1 | %
The following table summarizes the supplemental cash flow information related to leases as of March 31, 2020:
Other information |  | March 31, 2020
|  | (In thousands)
Cash paid for amounts included in the measurement of lease liabilities |  |
Operating cash flows from operating leases |  | $ | 109 |
Financing cash flows from finance leases |  | 768 |
Interest paid |  | 131 |
Noncash activities from right-of-use assets obtained in exchange for lease obligations: |  |
Operating leases |  | $ | 1,172 |
Leases | Leases The following table summarizes the supplemental balance sheet information related to lease assets and lease liability obligations as of March 31, 2020 and December 31, 2019 (in thousands):
| Classification |  | March 31, 2020 |  | December 31, 2019
Assets |  |  |  |  |
Operating lease assets | Operating lease right-of-use assets |  | $ | 849 |  |  | $ | 965 |
Finance lease assets | Property and equipment, net of accumulated depreciation |  | 9,009 |  |  | 9,302 |
Total lease assets |  |  | $ | 9,858 |  |  | $ | 10,267 |
Liabilities |  |  |  |  |
Current |  |  |  |  |
Operating | Current portion of operating lease obligations |  | $ | 334 |  |  | $ | 364 |
Finance | Current portion of finance lease obligation |  | 3,319 |  |  | 3,440 |
Noncurrent |  |  |  |  |
Operating | Operating lease liabilities |  | 586 |  |  | 650 |
Finance | Finance lease obligations—related parties, net of current portion |  | 1 |  |  | 648 |
Total lease liabilities |  |  | $ | 4,240 |  |  | $ | 5,102 |
The following table summarizes the components of lease expense for the three months ended March 31, 2020 and 2019 (in thousands, unaudited):
Lease Cost |  | Classification | Three Months Ended March 31,
2020 |  | 2019
Operating lease cost |  | Cost of sales | $ | 39 |  |  | $ | 39 |
Operating lease cost |  | Selling, general and administrative expenses | 91 |  |  | 67 |
Finance lease cost |  |  |  |  |
Amortization of leased assets |  | Depreciation | 293 |  |  | 934 |
Interest on lease liabilities |  | Interest expense | 161 |  |  | 174 |
Net lease cost |  |  | $ | 584 |  |  | $ | 1,214 |
The following schedule presents the future minimum lease payments for our operating and finance obligations at March 31, 2020 (in thousands):
| Operating Leases |  | Finance Leases |  | Total
Remainder 2020 | $ | 321 |  |  | $ | 2,919 |  |  | $ | 3,240 |
2021 | 237 |  |  | 651 |  |  | 888 |
2022 | 176 |  |  | — |  |  | 176 |
2023 | 145 |  |  | — |  |  | 145 |
2024 | 149 |  |  | — |  |  | 149 |
Thereafter | 25 |  |  | — |  |  | 25 |
Total lease payments | 1,053 |  |  | 3,570 |  |  | 4,623 |
Less: Interest | (133 | ) |  | (250 | ) |  | (383 | )
Present value of lease liabilities | $ | 920 |  |  | $ | 3,320 |  |  | $ | 4,240 |
Lease term and discount rates for our operating and finance lease obligations are as follows:
Lease Term and Discount Rate |  | March 31, 2020
Weighted-average remaining lease term (years) |  |
Operating leases |  | 3.5 |
Finance leases |  | 0.8 |
Weighted-average discount rate |  |
Operating leases |  | 7.3 | %
Finance leases |  | 9.1 | %
The following table summarizes the supplemental cash flow information related to leases as of March 31, 2020:
Other information |  | March 31, 2020
|  | (In thousands)
Cash paid for amounts included in the measurement of lease liabilities |  |
Operating cash flows from operating leases |  | $ | 109 |
Financing cash flows from finance leases |  | 768 |
Interest paid |  | 131 |
Noncash activities from right-of-use assets obtained in exchange for lease obligations: |  |
Operating leases |  | $ | 1,172 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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