Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.1
Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Lessee, Operating Lease, Liability, Maturity The table below does not include commitments that are contingent on events or other factors that are currently uncertain or unknown.
Finance
Leases
Operating Leases Total Finance and Operating Lease Obligations
(in thousands)
Remainder of 2020 $ 100    $ 1,044    $ 1,144   
2021 121    1,130    1,251   
2022 58    1,055    1,113   
2023 18    1,020    1,038   
2024   713    717   
Thereafter —    239    239   
Total minimum lease payments $ 301    $ 5,201    $ 5,502   
Less: imputed interest 21    529    550   
Present value of minimum lease payments $ 280    $ 4,672    $ 4,952   
Less: current portion 116    1,218    1,334   
Long-term portion $ 164    $ 3,454    $ 3,618   
Finance Lease, Liability, Maturity The table below does not include commitments that are contingent on events or other factors that are currently uncertain or unknown.
Finance
Leases
Operating Leases Total Finance and Operating Lease Obligations
(in thousands)
Remainder of 2020 $ 100    $ 1,044    $ 1,144   
2021 121    1,130    1,251   
2022 58    1,055    1,113   
2023 18    1,020    1,038   
2024   713    717   
Thereafter —    239    239   
Total minimum lease payments $ 301    $ 5,201    $ 5,502   
Less: imputed interest 21    529    550   
Present value of minimum lease payments $ 280    $ 4,672    $ 4,952   
Less: current portion 116    1,218    1,334   
Long-term portion $ 164    $ 3,454    $ 3,618   
Lease, Cost
The following expenses related to our finance and operating leases were included in "general and administrative expenses" within our condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2020:
March 31,
2020
(in thousands)
Finance lease costs
Amortization of leased assets $ 29   
Interest of lease liabilities  
Operating lease costs
Operating lease cost
293   
Variable lease cost
32   
Total lease costs $ 359   

The table below presents lease-related terms and discount rates as of March 31, 2020:
March 31,
2020
Weighted average remaining lease terms  
Operating leases 4.1 years
Finance leases 2.6 years
Weighted average discount rate
Operating leases 4.9  %
Finance leases 6.6  %
Lessor, Operating Lease, Payments to be Received, Maturity The following table represents the maturity analysis of undiscounted cash flows related to lease payments which we expect to receive from our existing operating lease agreements with tenants:
Rental Income (in thousands)
Remainder of 2020 $ 471   
2021 593   
2022 126   
2023 24   
Thereafter —   
Total $ 1,214