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Leases (Tables) | 9 Months Ended
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Sep. 30, 2019
Leases [Abstract] |
Schedule of Condensed Consolidated Balance Sheet |
|  | As of September 30, 2019 |
|  |  | (in thousands) |
Right-of-use asset balance |  |  |  |
Operating leases |  | $ | 191 |
Lease liability balance |  |  |  |
Short-term operating leases |  | $ | 56 |
Long-term operating lease |  |  | 158 |
Total operating leases |  | $ | 214 |
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 September 30, 2019 |  |  | Nine Months Ended September 30, 2019 |
|  | (in thousands) |
Operating lease cost |  | $ | 17 |  |  | $ | 51 |
Short-term lease cost |  |  | 3 |  |  |  | 11 |
Total lease cost |  | $ | 20 |  |  | $ | 62 |
Schedule of Weighted Average Lease |
|  | As of September 30, 2019 |
Weighted average lease term (years) |  |  | 3.3 |
Weighted average discount rate |  |  | 8.75 | %
Schedule of Future Minimum Lease Commitments | The future minimum lease commitments as of September 30, 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:
|  | As of September 30, 2019 |
|  |  | (in thousands) |
Remainder of 2019 |  | $ | 18 |
2020 |  |  | 73 |
2021 |  |  | 75 |
2022 |  |  | 76 |
2023 |  |  | 6 |
Total lease payments |  | $ | 248 |
Less: imputed interest |  |  | (34 | )
Total lease liability |  | $ | 214 |
Schedule of Operating Leases | The net capitalized cost of the building subject to operating leases at September 30, 2019 is as follows:
|  | As of September 30, 2019 |
|  |  | (in thousands) |
Building subject to operating leases |  | $ | 4,012 |
Less: accumulated depreciation |  |  | (3,220 | )
Building subject to operating leases, net |  | $ | 792 |
Schedule of Future Lease Maturities | The future lease maturities of the Company’s operating leases as of September 30, 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 |  | $ | 46 |
2020 |  |  | 158 |
2021 |  |  | 161 |
2022 |  |  | 165 |
2023 |  |  | 169 |
2024 |  |  | 163 |
Remaining through June 2029 |  |  | 695 |
Total lease maturities |  | $ | 1,557 |
Schedule of Operating Lease Income | The Company recognized the following operating lease income related to its Riverton, Wyoming office building for the three and nine months ended September 30, 2019 and 2018:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
|  | (in thousands) |
Operating lease income |  | $ | 54 |  |  | $ | 49 |  |  | $ | 150 |  |  | $ | 138 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 40 -Subparagraph (Note 1,3) -URI http://asc.fasb.org/extlink&oid=82846649&loc=d3e38371-112697 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41499-112717 Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=118943654&loc=d3e12069-110248 Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84164451&loc=d3e36991-112694 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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