Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.2
Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Schedule of Lease Expense

Components of lease expense are as follows:

 

    Three Months Ended June 30, 2019     Six Months Ended June 30, 2019  
             
Operating lease cost   $ 210,000     $ 389,000  
Short term lease cost     100,000       144,000  
                 
    $ 310,000     $ 533,000  
Schedule of Cash Flow Information and Non-cash Activity of Operating Leases

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

 

    Six Months Ended
June 30, 2019
 
       
Operating cash flow information:        
Cash paid for amounts included in the measurement of lease liabilities   $ 384,000  
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

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

 

    June 30, 2019  
       
Weighted-average remaining lease term (in years)     3.8  
Weighted-average discount rate     7.5 %
Scheduled Maturities of Operating Lease Liabilities

Scheduled maturities of operating lease liabilities outstanding as of June 30, 2019 are as follows:

 

Year ending December 31,      
July - December 2019   $ 481,000  
2020     971,000  
2021     302,000  
2022     172,000  
2023     177,000  
Thereafter     416,000  
Total lease payments     2,519,000  
Less: Imputed interest     (347,000 )
Present value of lease liabilities   $ 2,172,000