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LEASES
 9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
LEASES

15. LEASES

 

The Company leases certain offices, facilities and equipment under operating and financing leases. Our leases have remaining terms of 1 year to 4 years. As of September 30, 2019 and 2018, assets recorded under finance leases were $1.0 million and $1.1 million, respectively, and accumulated amortization associated with finance leases were $507 and $453, respectively. As of September 30, 2019 and 2018, assets recorded under operating leases were $2.1 million and $2.5 million, respectively and accumulated amortization associated with operating leases were $899 and $654, respectively. Such amounts are included within other assets.

 

The components of the lease expense were as follows:

 

   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
   2019   2018   2019   2018 
Operating lease cost  $169   $143   $508   $423 
                     
Finance lease cost                    
   Amortization of right-of-use asset  $87   $48   $222   $132 
   Interest on lease liabilities   12    10    38    29 
Total finance lease cost  $99   $58   $260   $161 

 

Other information related to leases was as follows:

 

Supplemental Cash Flows Information

 

   September 30, 
   2019   2018 
Cash paid for amounts included in the measurement of lease liabilities        
   Operating cash flows from operating leases  $495   $430 
   Operating cash flows from finance leases   38    29 
   Financing cash flows from finance leases   223    121 
Right-of-use assets obtained in exchange for lease obligations:          
   Operating leases   446    370 
   Finance leases   87    48 

 

Weighted Average Remaining Lease Term

 

  September 30,
  2019   2018
Operating leases 2 years   3 years
Finance leases 2 years   3 years

 

Weighted Average Discount Rate

 

   September 30, 
   2019   2018 
Operating leases   5.50%   5.50%
Finance leases   6.77%   6.50%

 

Future minimum lease payments under non-cancellable leases as of September 30, 2019 were as follows:

 

         
   Operating   Finance 
   Leases   Leases 
2019   170    60 
2020   677    231 
2021   401    280 
2022   91    90 
2023   —    37 
Thereafter   —    — 
   Total future minmum lease payments   1,339    698 
Less imputed interest   (79)   (66)
   Total future minmum lease payments  $1,260   $632 

 

Reported as of September 30, 2019:

 

   Operating   Finance 
   Leases   Leases 
Accounts payable and accrued liabilities  $624   $199 
Other long-term liabilities   636    433 
Total  $1,260   $632