Quarterly report pursuant to Section 13 or 15(d)

Operating Lease (Tables)

v3.19.1
Operating Lease (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Details of Right-of-Use Assets and Lease Liabilities

Information related to the Company’s ROU asset and related lease liabilities were as follows (in thousands):

 

 

For three months ended March 31, 2019

 

Cash paid for operating lease liabilities

$

181

 

Remaining lease term

5.92 years

 

Discount rate

 

10

%

 

 

 

 

Maturities of lease liabilities as of March 31, 2019 were as follows:

 

 

 

2019

$

1,095

 

2020

 

1,497

 

2021

 

1,542

 

2022

 

1,588

 

2023

 

1,635

 

2024

 

1,684

 

Thereafter

 

282

 

Total undiscounted lease payments

 

9,323

 

Less: imputed interest

 

(2,366

)

Total lease liabilities

$

6,957

 

 

 

 

 

Operating lease liabilities, current

 

804

 

Operating lease liabilities, noncurrent

 

6,153

 

Total operating lease liabilities

$

6,957

 

Schedule of Future Minimum Lease Payments

Future minimum lease payments are as follows as of December 31, 2018 (in thousands):

 

Year ending December 31:

 

 

 

 

2019

 

$

1,453

 

2020

 

 

1,497

 

2021

 

 

1,542

 

2022

 

 

1,588

 

2023

 

 

1,635

 

Thereafter

 

 

1,966

 

Total future minimum lease payments

 

$

9,681