Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.19.3.a.u2
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Leases of Lessor Disclosure
A reconciliation of the beginning and ending contract termination obligation balances is as follows (in thousands):
 
 
London, England
 
Minneapolis, Minnesota
 
Total
Contract termination obligation, January 1, 2017
 
$

 
$

 
$

Lease termination costs incurred
 
72

 

 
72

Sublease payment received
 
122

 

 
122

Contract termination obligation, December 31, 2017
 
194

 

 
194

Lease termination costs incurred
 

 
224

 
224

Accretion expense
 
14

 
19

 
33

Payments on obligations
 
(189
)
 
(40
)
 
(229
)
Change in currency exchange rate
 
(4
)
 

 
(4
)
Contract termination obligation, December 31, 2018
 
15

 
203

 
218

Adjustment and reclassification upon adoption of Topic 842 (see Note 1)
 
(15
)
 
(203
)
 
(218
)
Contract termination obligation, December 31, 2019
 
$

 
$

 
$

Schedule of Lease Information
Other information related to leases is as follows (in thousands):
 
Year Ended
 December 31, 2019
Supplemental cash flow information:
 
Cash paid for amounts included in the measurement of lease liabilities
 
Operating cash flow from operating leases
$
432

Financing cash flow from finance leases
77

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

Weighted-average remaining lease term:
 
Operating leases
3.8 years

Finance leases
2.0 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 consolidated balance sheet as follows (in thousands):
Leases
Classification on Balance Sheet
December 31,
2019
Assets
 
 
Operating
Right of use assets – operating leases
$
1,746

Finance
Property and equipment
130

Total lease assets
 
$
1,876

Liabilities
 
 
Current
 
 
Operating
Operating lease liabilities
$
587

Finance
Financing obligations
83

Non-current
 
 
Operating
Operating lease liabilities, non-current
1,587

Finance
Financing obligations, non-current
83

Total lease liabilities
 
$
2,340

Schedule of capital leased assets
The components of lease cost were as follows (in thousands):
 
 
Year Ended
 December 31, 2019
Operating lease cost
 
$
526

Finance lease cost:
 
 
Amortization of right of use assets
 
106

Interest on lease liabilities
 
11

Total finance cost
 
117

Total lease cost
 
$
643

Schedule of capital leases and other financing obligations
The Company's term loan, which was paid in full during the year ended December 31, 2019, is reported in the consolidated balance sheets as follows (in thousands):
 
December 31,
 
2019
 
2018
Term loan, remaining principal balance
$

 
$
4,000

Unamortized original issue discount

 
(481
)
Unamortized debt issuance costs

 
(88
)
Term loan
$

 
$
3,431

Schedule of future minimum lease payments for capital leases
Future payments used in the measurement of lease liabilities on the consolidated balance sheet as of December 31, 2019 are as follows (in thousands):
 
Operating
leases
 
Finance
leases
2020
$
764

 
$
91

2021
712

 
80

2022
672

 
5

2023
294

 

2024
114

 

Thereafter

 

Total undiscounted lease payments
2,556

 
176

Less amount representing interest
(382
)
 
(10
)
Present value of lease liabilities
$
2,174

 
$
166