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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Lessee Disclosure [Abstract]  
Schedule of Information Related to Operating Leases Up on ASC 842

Information related to operating leases as of December 31, 2019 and upon adoption of ASC 842 on January 1, 2019 is as follows (in thousands, except for percentages and years):

 

 

 

December 31,

2019

 

 

January 1,

2019

 

Assets

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

417

 

 

$

1,940

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

Operating lease liabilities - current

 

$

383

 

 

$

2,126

 

 

 

 

 

 

 

 

 

 

Weighted average remaining lease term (years)

 

 

0.3

 

 

 

1.0

 

Weighted average discount rate

 

 

6

%

 

 

6

%

Schedule of Information Related to Operating Lease Activity

Information related to operating lease activity during the year ended December 31, 2019 follows (in thousands):

 

 

 

Year Ended

 

 

 

December 31, 2019

 

Operating lease right-of-use assets obtained in exchange

   for lease obligations

 

$

1,095

 

 

 

 

 

 

Operating lease rental expense

 

$

2,760

 

 

 

 

 

 

Operating lease payments

 

$

3,007

 

Schedule of Future Annual Payment of Operating Lease Liabilities

Future annual payments of operating lease liabilities as of December 31, 2019 are as follows (in thousands):

 

Year ending December 31:

 

Amount

 

2020

 

 

387

 

Total future lease payments

 

 

387

 

Less:  imputed interest

 

 

(4

)

Total operating lease liabilities

 

$

383

 

Future annual minimum operating lease payments due under the Lease are as follows (in thousands):

 

Year ending December 31:

 

Amount

 

2020

 

 

5,454

 

2021

 

 

8,461

 

2022

 

 

8,757

 

2023

 

 

9,063

 

2024

 

 

9,381

 

Thereafter

 

 

52,063

 

Total

 

$

93,179