Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Components of lease expense

The components of lease expense were as follows:

		Three Months Ended
(in thousands)		March 31, 2019
Operating lease expense	$	116
Finance lease expense:
Amortization of leased assets		4
Interest on lease liabilities		1
Total finance lease expense		5
Total lease expense	$	121

Cash flow supplemental disclosures for leases

Supplemental cash flow information related to leases was as follows:

		Three Months Ended
(in thousands)		March 31, 2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	160
Operating cash flows from finance leases		1
Financing cash flows from finance leases		4
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases		1,638
Finance leases	$	-

Schedule of future minimum lease payments

As of March 31, 2019, maturities of lease liabilities were as follows:

		Operating		Finance
Years Ended December 31,		leases		leases
2019	$	481	$	21
2020		656		27
2021		676		9
2022		696		-
2023		175		-
Thereafter		-		-
Total minimum lease payments		2,684		57
Less: amount representing interest		(296)		(7)
Present value of capital lease liabilities	$	2,388	$	50

Lease guarantee future commitments

As of March 31, 2019, maturities of lease liabilities were as follows:

		Operating		Finance
Years Ended December 31,		leases		leases
2019	$	481	$	21
2020		656		27
2021		676		9
2022		696		-
2023		175		-
Thereafter		-		-
Total minimum lease payments		2,684		57
Less: amount representing interest		(296)		(7)
Present value of capital lease liabilities	$	2,388	$	50

Supplemental balance sheet information related to leases

Supplemental balance sheet information related to leases was as follows:

(in thousands)		March 31, 2019
Operating leases
Operating lease right-of-use assets	$	1,559
Current portion of operating lease liability		642
Operating lease liability, net of current portion		1,746
Total operating lease liabilities	$	2,388
Finance leases
Property and equipment, at cost	$	66
Accumulated depreciation		(13)
Property and equipment, net	$	53
Current portion of finance lease obligations	$	22
Finance lease obligations, net of current portion		28
Total finance lease liabilities	$	50
Weighted Average Remaining Lease Term
Operating leases		4 years
Finance leases		2 years
Weighted Average Discount Rate
Operating leases		6.0%
Finance leases		13.8%