XML 13 R26.htm IDEA: XBRL DOCUMENT v3.19.3
Leases (Tables)
 9 Months Ended
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