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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases  
Schedule of operating lease asset

Operating lease right-of-use assets as of June 30, 2019 are as follows (in thousands):

 

 

 

 

Office leases

 

$

976

Land leases

 

 

632

Total operating lease right-of-use assets, net

 

$

1,608

 

Schedule of operating lease liabilities

Operating lease liabilities as of June 30, 2019 are as follows (in thousands):

 

 

 

 

Office leases

 

$

977

Land leases

 

 

807

Total current lease liabilities

 

 

1,784

Non-current office leases

 

 

273

Non-current land leases

 

 

 -

Total lease liabilities

 

$

2,057

 

Summary of operating lease expense

Operating lease expense is as follows (in thousands):

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30, 2019

 

June 30, 2019

Office leases

 

$

146

 

$

262

Land leases

 

 

121

 

 

241

Total operating lease expense

 

 

267

 

 

503

Short-term lease expense

 

 

25

 

 

40

Land option expense

 

 

159

 

 

319

Total land option and lease expense

 

$

451

 

$

862

 

Summary of maturity of operating lease liabilities

Maturity of operating lease liabilities as of June 30, 2019 are as follows (in thousands, except lease term and discount rate):

 

 

 

 

 

 

 

 

 

 

2019 (remaining)

 

$

788

2020

 

 

1,412

2021

 

 

 3

2022

 

 

 —

2023

 

 

 —

Thereafter

 

 

 —

Total undiscounted lease payments

 

 

2,203

Discount to present value

 

 

(146)

Present value of lease liabilities

 

$

2,057

 

 

 

 

Weighted average remaining lease term - years

 

 

1.4

Weighted average discount rate - percent

 

 

12.0

 

Schedule of other information related to our operating leases

Other information related to our operating leases for the six months ended June 30, 2019 is as follows (in thousands):

 

 

 

 

 

 

Cash paid for amounts included in the measurement of operating lease liabilities:

 

 

 

 

 

Cash flows from operating activities

 

$

367

 

 

Noncash right-of-use assets recorded for operating lease liabilities:

 

 

 

 

 

Adoption of Topic 842

 

 

1,562

 

 

In exchange for new operating lease liabilities during the period

 

 

446