Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.19.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]  
Lease, Cost
The components of lease cost were as follows (in thousands):
 
Three Months Ended
 June 30,
 
Six Months Ended
 June 30,
Operating lease cost
$
85

 
$
278

Finance lease cost:
 
 
 
Amortization of right of use assets
31

 
44

Interest on lease liabilities
3

 
5

Total finance cost
34

 
49

Total lease cost
$
119

 
$
327

Other information related to leases is as follows (in thousands):
 
Six Months Ended
 June 30,
Supplemental cash flow information:
 
Cash paid for amounts included in the measurement of lease liabilities
 
Operating cash flow from operating leases
$
288

Financing cash flow from finance leases
37

ROU assets obtained in exchange for new lease obligations
 
Finance leases
$
148

Weighted-average remaining lease term:
 
Operating leases
3.4 years

Finance leases
2.5 years

Weighted-average discount rate:
 
Operating leases
10.0
%
Finance leases
6.2
%
Assets And Liabilities, Lessee
The Company's ROU assets and lease liabilities were reported in the condensed consolidated balance sheet as follows (in thousands):
Leases
Classification on Balance Sheet
June 30,
2019
Assets
 
 
Operating
Right of use assets – operating leases
$
1,060

Finance
Property and equipment
192

Total lease assets
 
$
1,252

Liabilities
 
 
Current
 
 
Operating
Operating lease liabilities
$
435

Finance
Financing obligations
81

Non-current
 
 
Operating
Operating lease liabilities, non-current
1,038

Finance
Financing obligations, non-current
125

Total lease liabilities
 
$
1,679

Lessee, Operating Lease, Liability, Maturity
Future payments used in the measurement of lease liabilities on the condensed consolidated balance sheet as of June 30, 2019 are as follows (in thousands):
 
Operating
leases
 
Finance
leases
Remainder of 2019
$
333

 
$
45

2020
455

 
91

2021
463

 
80

2022
423

 
5

2023
51

 

Thereafter
18

 

Total undiscounted lease payments
1,743

 
221

Less amount representing interest
(270
)
 
(15
)
Present value of lease liabilities
$
1,473

 
$
206

Finance Lease, Liability, Maturity
Future payments used in the measurement of lease liabilities on the condensed consolidated balance sheet as of June 30, 2019 are as follows (in thousands):
 
Operating
leases
 
Finance
leases
Remainder of 2019
$
333

 
$
45

2020
455

 
91

2021
463

 
80

2022
423

 
5

2023
51

 

Thereafter
18

 

Total undiscounted lease payments
1,743

 
221

Less amount representing interest
(270
)
 
(15
)
Present value of lease liabilities
$
1,473

 
$
206

Schedule of Long-term Debt Instruments
The Company's term loan is reported in the condensed consolidated balance sheets as follows (in thousands):
 
June 30,
2019
 
December 31,
2018
Term loan, remaining principal balance
$
4,000

 
$
4,000

Unamortized original issue discount
(260
)
 
(481
)
Unamortized debt issuance costs
(47
)
 
(88
)
Term loan
$
3,693

 
$
3,431