Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.1
Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Schedule of Lease Expense

Components of lease expense are as follows:

 

    Three Months
Ended
March 31, 2019
 
       
Operating lease cost   $ 179,000  
Short term lease cost     44,000  
    $ 223,000

Schedule of Supplemental Cash Flow Information and Non-cash Activity Related to Operating Leases

Supplemental cash flow information and non-cash activity related to our operating leases are as follows:

 

    Three Months
Ended
March 31, 2019
 
       
Operating cash flow information:        
Cash paid for amounts included in the measurement of lease liabilities   $ 196,000  
Non-cash activity:        
Right-of-use assets obtained in exchange for lease obligations   $ 2,556,000

Schedule of Weighted-average remaining lease term and discount rate for our operating leases

Weighted-average remaining lease term and discount rate for our operating leases are as follows:

 

    March 31, 2019  
       
Weighted-average remaining lease term (in years)     3.9  
Weighted-average discount rate     7.5 %

Scheduled Maturities of Operating Lease Liabilities Outstanding

Scheduled maturities of operating lease liabilities outstanding as of March 31, 2019 are as follows:

 

Year ending December 31,      
April – December 2019   $ 722,000  
2020     971,000  
2021     302,000  
2022     172,000  
2023     177,000  
Thereafter     401,000  
Total lease payments     2,745,000  
Less: Imputed interest     (384,000 )
Present value of lease liabilities   $ 2,361,000