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Leases (Tables)
 3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Schedule of Condensed Consolidated Balance Sheet

The Company’s right-of-use assets and lease liabilities are recognized at their discounted present value of $215 thousand and $241 thousand, respectively, under the following captions in the unaudited condensed consolidated balance sheet at March 31, 2019:

 

   March 31, 2019 
   (in thousands) 
Other assets:                  
Right-of-use asset   215 
Other current liabilities   53 
Other noncurrent liabilities  $188 
Schedule of Lease Costs

The Company recognizes lease expense on a straight line basis excluding short-term and variable lease payments which are recognized as incurred. Short-term lease costs represent payments for our Houston office lease, which has a lease term of one year.

 

  

Three Months Ended

March 31, 2019

 
   (in thousands) 
Operating lease cost  $17 
Short-term lease cost   4 
Total lease cost  $21 
Schedule of Weighted Average Lease
  March 31, 2019  
Weighted average lease term (years)     3.8  
Weighted average discount rate     8.75 %
Schedule of Future Minimum Lease Commitments

The future minimum lease commitments as of March 31, 2019 are presented in the table below. Such commitments are reflected at undiscounted values and are reconciled to the discounted present value on the unaudited condensed consolidated balance sheet as follows:

 

    Amount  
      (in thousands)  
Remainder of 2019   $ 54  
2020     73  
2021     75  
2022     76  
2023     6  
Total lease payments   $ 284  
Less: imputed interest     (43 )
Total lease liability   $ 241  
Schedule of Operating Leases

The net capitalized cost of the building subject to operating leases at March 31, 2019 is as follows:

 

    March 31, 2019  
    (in thousands)  
Building subject to operating leases   $ 4,012  
Less: accumulated depreciation     3,169  
Building subject to operating leases, net   $ 843  
Schedule of Future Lease Maturities

The future lease maturities of the Company’s operating leases as of March 31, 2019 are presented in the table below. Such maturities are reflected at undiscounted values to be received on an annual basis.

 

    Amount  
    (in thousands)  
Remainder of 2019   $ 118  
2020     127  
2021     130  
2022     134  
2023     138  
2024     142  
Remaining through June 2029     695  
Total lease maturities   $ 1,484  
Schedule of Operating Lease Income

The Company recognized the following operating lease income related to its Riverton, Wyoming office building for the three months ended March 31, 2019 and 2018:

 

  

Three Months Ended

March 31,

 
   2019   2018 
   (in thousands) 
Operating lease income  $48   $45