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LEASES (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Summary of balance sheet presentation of our operating and finance leases


(dollars in thousands)	Classification on the Condensed Consolidated Balance Sheet		March 31, 2019

Assets:
Operating lease assets	Operating lease right-of-use assets		$	689
Finance lease assets	Property and equipment, net			208
Total lease assets			$	897

Liabilities:
Current:
Operating lease obligations	Current maturities of operating lease liabilities		$	221
Finance lease obligations	Current maturities of finance lease liabilities			58
Noncurrent:
Operating lease obligations	Operating lease liabilities, less current maturities			470
Finance lease obligations	Finance lease liabilities, less current maturities			140
Total lease liabilities			$	889

Summary of estimated future minimum lease payments for operating leases


(dollars in thousands)		Operating Leases			Finance Leases			Total
Remainder of 2019		$	201		$	53		$	254
2020			242			46			288
2021			241			38			279
2022			47			32			79
2023			35			27			62
Thereafter			17			41			58
Total lease obligations			783			237			1,020
Less: Amount representing interest			(92)			(39)			(131)
Present value of net minimum lease obligations			691			198			889
Less, current portion			(221)			(58)			(279)
Long term portion		$	470		$	140		$	610

Summary of estimated future minimum lease payments for finance leases

As of March 31, 2019, the estimated future minimum lease payments, excluding non-lease components, are as follows:


(dollars in thousands)		Operating Leases			Finance Leases			Total
Remainder of 2019		$	201		$	53		$	254
2020			242			46			288
2021			241			38			279
2022			47			32			79
2023			35			27			62
Thereafter			17			41			58
Total lease obligations			783			237			1,020
Less: Amount representing interest			(92)			(39)			(131)
Present value of net minimum lease obligations			691			198			889
Less, current portion			(221)			(58)			(279)
Long term portion		$	470		$	140		$	610

Schedule of other information


Weighted-average remaining lease term (years):
Operating leases	3.2
Finance leases	4.9
Weighted-average discount rate:
Operating leases	8.00%
Finance leases	7.25%