Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.19.3
COMMITMENTS AND CONTINGENCIES (Tables)
9 Months Ended
Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]  
Summary of Balance Sheet Information
The balance sheet classification of the Company’s right-of-use asset and lease liabilities was as follows (in thousands):
September 30, 2019
Operating lease right of use assets $ 2,356   
Operating lease liabilities
Current portion included in current liabilities 523   
Long Term portion included in non-current liabilities 1,914   
Total Operating lease liabilities $ 2,437   
Components of Lease Expense
The components of lease expenses, net which were included in Total expenses in the Company’s condensed consolidated statements of operations, were as follows (in thousands):
Three Months ended September 30, 2019 Nine Months ended September 30, 2019
Operating lease cost $ 198    $ 594   
Variable lease cost —    —   
Short term lease income (59)   (177)  
$ 139    $ 417   
Schedule of Future Minimum Rental Payments
As of September 30, 2019, the maturities of the Company’s operating lease liabilities were as follows (in thousands):
For the year ending December 31,
2019, remainder $ 192   
2020 773   
2021 801   
2022 829   
2023 425   
Total lease payments $ 3,020   
Less: Present value adjustment (583)  
Operating lease liabilities $ 2,437