Quarterly report pursuant to Section 13 or 15(d)

Commitments (Tables)

v3.19.1
Commitments (Tables)
3 Months Ended
Mar. 31, 2019
Commitments And Contingencies Disclosure [Abstract]  
Schedule of ROU Assets and Liabilities Related to Lease and First Lease Amendment

As of March 31, 2019, the Company’s ROU assets and liabilities related to the Lease and the First Lease Amendment are as follows (in thousands):

 

ROU assets (included in other assets)

 

$

514

 

 

 

 

 

 

Current portion of lease liabilities

 

$

398

 

Lease liabilities, less current portion

 

 

229

 

Total lease liabilities

 

$

627

 

Schedule of Undiscounted Cash Flows for Operating Lease Liabilities Recorded in Balance Sheet

The following table reconciles the undiscounted cash flows for the periods presented below to the operating lease liabilities recorded in the condensed balance sheet as of March 31, 2019 (in thousands):

 

Remaining in 2019

 

$

329

 

2020

 

 

351

 

Total lease payments

 

 

680

 

Present value adjustment

 

 

(53

)

Total lease liabilities

 

$

627

 

Schedule of Rent Expense

For the three months ended March 31, 2019 and 2018, rent expense was as follows (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2019

 

 

2018

 

Operating lease

 

$

95

 

 

$

95

 

Short-term leases

 

 

17

 

 

 

 

Total

 

$

112

 

 

$

95