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Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Schedule of Cost Components of Operating Lease

The cost components of the operating lease were as follows for the three and nine month periods ended September 30, 2019:

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30, 2019

 

 

September 30, 2019

 

Lease Cost

 

 

 

 

 

 

 

Operating lease expense

$

109

 

 

$

328

 

Variable lease expense(1)

 

136

 

 

 

404

 

Lease Term and Discount Rate

 

 

 

 

 

 

 

Remaining lease term (years)

2.5

 

 

2.5

 

Discount rate

 

3.75

%

 

 

3.75

%

 

 

(1)

Variable lease costs are payments that vary because of changes in facts or circumstances and include common area maintenance and property taxes related to the premises. Variable lease costs are excluded from the calculation of minimum lease payments.

Future Minimum Lease Payments

Future minimum lease payments as of September 30, 2019 were as follows:

 

Year ending December 31:

 

2019 (remainder of the year)

 

$

155

 

2020

 

 

621

 

2021

 

 

587

 

2022

 

 

140

 

Total future minimum lease payments

 

$

1,503

 

Less: imputed interest

 

 

(56

)

Less: future lease incentives reasonably certain of use

 

 

(432

)

Present value of lease liabilities

 

$

1,015