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LEASES

6 Months Ended

Jun. 30, 2020

16. LEASES

The Company leases certain offices, facilities and equipment under operating and financing leases. Our leases have remaining terms of 1 year to 2 years some of which contain options to extend up to 10 years. As of June 30, 2020 and 2019, assets recorded under finance leases were $1.4 million and $1.0 million, respectively, and accumulated amortization associated with finance leases were $648 and $475, respectively. As of June 30, 2020 and 2019, assets recorded under operating leases were $2.1 million and $2.1 million, respectively, and accumulated amortization associated with operating leases were $1.4 million and $748, respectively. Such amounts are included within other assets.

The components of the lease expense were as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Operating lease cost	$	169	$	169	$	339	$	339

Finance lease cost
Amortization of right-of-use asset	$	69	$	61	$	133	$	135
Interest on lease liabilities		14		13		28		27
Total finance lease cost	$	83	$	74	$	161	$	162

Other information related to leases was as follows:

Supplemental Cash Flows Information

	June 30,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flow payments for operating leases	$	341	$	334
Operating cash flow payments for finance leases		28		27
Financing cash flow payments for finance leases		120		127
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		312		296
Finance leases		69		61

Weighted Average Remaining Lease Term

	June 30,
		2020	2019
Operating leases		1 years	2 years
Finance leases		2 years	2 years

Weighted Average Discount Rate

	June 30,
	2020	2019
Operating leases	5.50%	5.50%
Finance leases	6.70%	6.72%

Future minimum lease payments under non-cancellable leases as of June 30, 2020 were as follows:

	Operating			Finance
	Leases			Leases
2020		335			144
2021		401			317
2022		91			184
2023		—			247
Total future minmum lease payments		827			892
Less imputed interest		(35	)		(89	)
Total future minmum lease payments	$	792		$	803

Reported as of June 30, 2020:

	Operating		Finance
	Leases		Leases
Accounts payable and accrued liabilities	$	557	$	281
Other long-term liabilities		235		522
Total	$	792	$	803