Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.20.1
COMMITMENTS AND CONTINGENCIES (Tables)
3 Months Ended
Mar. 31, 2020
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):
March 31, 2020 December 31, 2019
Operating lease right of use assets $ 2,095    $ 2,227   
Operating lease liabilities
Current portion included in current liabilities 566    522   
Long Term portion included in non-current liabilities 1,611    1,786   
Total Operating lease liabilities $ 2,177    $ 2,308   
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 March 31
2020 2019
Operating lease cost $ 198    $ 198   
Variable lease cost —    —   
Short term lease income (14)   (60)  
$ 184    $ 138   
Schedule of Future Minimum Rental Payments
As of March 31, 2020, the maturities of the Company’s operating lease liabilities were as follows (in thousands):
For the year ending December 31,
2020, remainder $ 582   
2021 801   
2022 829   
2023 425   
Total lease payments $ 2,637   
Less: present value adjustment (460)  
Operating lease liabilities $ 2,177