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Leases (Tables)
 3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Schedule of Operating Lease Right-of-use Assets and Liabilities

The tables below show the beginning balances of the operating lease right-of-use assets and liabilities as of January 1, 2019 and the ending balances as of March 31, 2020, including the changes during the periods.

 

    Operating lease right-of-use assets  
Operating lease right-of use assets at January 1, 2020   $ 2,101,000  
Amortization of operating lease right-of-use assets     (73,000 )
Write-off of right-of-use asset related to asset sale (Note 5)     (26,000 )
Operating lease right-of-use assets at March 31, 2020   $ 2,002,000  

 

    Operating lease liabilities  
Operating lease liabilities at January 1, 2020   $ 3,300,000  
Principal payments on operating lease liabilities     (106,000 )
Write-off of lease liability related to asset sale (Note 5)     (27,000 )
Operating lease liabilities at March 31, 2020     3,167,000  
Less non-current portion     (2,782,000 )
Current portion at March 31, 2020   $ 385,000  
Schedule of Maturities of Operating Leases

As of March 31, 2020, the Company’s operating leases have a weighted-average remaining lease term of 6.0 years and a weighted-average discount rate of 7.25%. The maturities of the operating lease liabilities are as follows:

 

    As of  
    March 31, 2020  
2020   $ 450,000  
2021     613,000  
2022     634,000  
2023     655,000  
2024     670,000  
Thereafter     931,000  
Total operating lease payments     3,953,000  
Less imputed interest     (786,000 )
Present value of operating lease liabilities   $ 3,167,000  
Schedule of Financing Lease Right-of-use Assets and Liabilities

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

 

    Finance lease right-of-use assets  
Finance lease right-of use assets at January 1, 2020   $ 41,000  
Depreciation of finance lease  right-of-use assets     (5,000 )
Finance lease right-of-use assets at March 31, 2020   $ 36,000  

 

    Finace lease liabilities  
Finance lease liabilities at January 1, 2020   $ 41,000  
Principal payments on finance lease liabilities as of March 31, 2020     (5,000 )
Finance lease liabilities at March 31, 2020     36,000  
Less non-current portion     (21,000 )
Current portion at March 31, 2020   $ 15,000  
Schedule of Maturities of Financing Leases

As of March 31, 2020, the Company’s finance leases have a weighted-average remaining lease term of 1.7 years and a weighted-average discount rate of 5.52%. The maturities of the finance lease liabilities are as follows:

 

    As of  
    March 31, 2020  
2020     17,000  
2021     21,000  
Total Finance lease payments     38,000  
Less imputed interest     (2,000 )
Present value of Finance lease liabilities   $ 36,000