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OPERATING LEASES (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Summary of Total Operating Lease Expenses

 

 

 

For the year ended

December 31,

2019

 

 

 

(in thousands)

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

Operating cash flows used in operating leases

 

$

1,790

 

Right-of-use assets obtained in exchange the new lease obligations:

 

 

 

 

Operating leases

 

$

2,860

 

Weighted average remaining lease term

 

 

 

 

Operating leases

 

1.9 years

 

Weighted average discount rate

 

 

 

 

Operating leases

 

 

4.38

%

 

Summary of Maturities of Lease liabilities

Maturities of lease liabilities as of December 31, 2019 are as follows:

 

 

 

Amount

 

 

 

(in thousands)

 

2020

 

$

1,680

 

2021

 

 

1,223

 

2022

 

 

179

 

2023

 

 

12

 

2024

 

 

 

Thereafter

 

 

 

Total future lease payments

 

 

3,094

 

Less: Imputed interest

 

 

135

 

Total lease liability balance

 

$

2,959

 

 

Schedule of Future Minimize Payment Under Non-cancel Operating Lease

For comparative periods prior to the adoption of the new accounting guidance on January 1, 2019, the Company has retained the following disclosures as previously reported. Future minimum lease payments under non-cancelable operating leases as of December 31, 2018 were as follows:

 

 

Amount

 

 

 

(in thousands)

 

2019

 

$

1,674

 

2020

 

 

1,112

 

2021

 

 

649

 

2022

 

 

 

2023

 

 

 

Thereafter

 

 

 

Total

 

$

3,435