Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.2
Leases (Tables)
6 Months Ended
Jun. 30, 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.
(in thousands) Finance Leases Operating Leases Total
Remainder of 2020 $ 62    $ 466    $ 528   
2021 114    958    1,072   
2022 52    1,060    1,112   
2023 18    1,023    1,041   
2024   714    718   
Thereafter —    241    241   
Total minimum lease payments 250    4,462    4,712   
Less: imputed interest 14    464    478   
Present value of minimum lease payments 236    3,998    4,234   
Less: current portion 110    792    902   
Long-term portion $ 126    $ 3,206    $ 3,332   
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.
(in thousands) Finance Leases Operating Leases Total
Remainder of 2020 $ 62    $ 466    $ 528   
2021 114    958    1,072   
2022 52    1,060    1,112   
2023 18    1,023    1,041   
2024   714    718   
Thereafter —    241    241   
Total minimum lease payments 250    4,462    4,712   
Less: imputed interest 14    464    478   
Present value of minimum lease payments 236    3,998    4,234   
Less: current portion 110    792    902   
Long-term portion $ 126    $ 3,206    $ 3,332   
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 six months ended June 30, 2020 and 2019:
Six Months Ended June 30,
(in thousands) 2020 2019
Finance lease costs
Amortization of leased assets $ 58    $ 62   
Interest of lease liabilities 10    12   
Operating lease costs
Operating lease cost
571    245   
Variable lease cost
63    101   
Total lease costs $ 702    $ 420   

The table below presents lease-related terms and discount rates as of June 30, 2020:
June 30, 2020
Weighted average remaining lease terms  
Operating leases 4.3 years
Finance leases 2.4 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 $ 335   
2021 665   
2022 198   
2023 96   
Thereafter 120   
Total $ 1,414