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Leases (Tables)
 3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Schedule of Operating Lease Right-of-use Assets and Liabilities

The tables below show the initial measurement of the operating lease right-of-use assets and liabilities as of January 1, 2019 and the balances as of March 31, 2019, including the changes during the periods.

 

    Operating lease
right-of-use
assets		  
Initial measurement at January 1, 2019   $ 3,458,000  
Less tenant improvement allowance     (1,122,000 )
Net right-of-use assets at January 1, 2019     2,336,000  
Less amortization of operating lease right-of-use assets     (72,000 )
Operating lease right-of-use assets at March 31, 2019   $ 2,264,000  

 

    Operating lease
liabilities		  
Initial measurement at January 1, 2019   $ 3,458,000  
Less principal payments on operating lease liabilities     (28,000 )
Operating lease liabilities at March 31, 2019     3,430,000  
Less non-current portion     (3,186,000 )
Current portion at March 31, 2019   $ 244,000  
Schedule of Maturities Operating Leases

As of March 31, 2019, the Company’s operating leases have a weighted-average remaining lease term of 7.0 years and a weighted-average discount rate of 7.25%. The maturities of the operating lease liabilities are as follows:

 

    As of  
    March 31, 2019  
2019   $ 334,000  
2020     615,000  
2021     620,000  
2022     634,000  
2023     655,000  
Thereafter     1,601,000  
Total operating lease payments     4,459,000  
Less imputed interest     (1,029,000 )
Present value of operating lease liabilities   $ 3,430,000  
Schedule of Financing Lease Right-of-use Assets and Liabilities

The Company’s financing lease right-of-use assets are included in “Fixed assets, net” on the accompanying consolidated balance sheet.

 

    Financing lease
right-of-use
assets		  
Initial measurement at January 1, 2019   $ 80,000  
Less depreciation of financing lease right-of-use assets     (16,000 )
Financing lease right-of-use assets at March 31, 2019   $ 64,000  

 

    Financing lease
liabilities		  
Initial measurement at January 1, 2019   $ 86,000  
Less principal payments on financing lease liabilities     (18,000 )
Financing lease liabilities as of March 31, 2019     68,000  
Less non-current portion     (36,000 )
Current portion at March 31, 2019   $ 32,000  
Schedule of Maturities Financing Leases

The maturities of the financing lease liabilities are as follows:

 

    As of  
    March 31, 2019  
2019   $ 29,000  
2020     23,000  
2021     21,000  
Total financing lease payments     73,000  
Less imputed interest     (5,000 )
Present value of financing lease liabilities   $ 68,000