Quarterly report pursuant to Section 13 or 15(d)

Leasing Arrangements (Tables)

v3.20.1
Leasing Arrangements (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Components of lease expense and supplemental information
The components of operating and finance lease expense were as follows for the three months ended March 31, 2020 and 2019, respectively, for continuing operations (in thousands):

 
Three months ended March 31, 2020
 
Three months ended March 31, 2019
Finance lease cost:
 
 
 
Amortization of right-of use assets
$
21

 
$
10

Interest on lease liabilities
3

 
1

Operating lease cost
56

 
44

Short-term lease cost
28

 
30

Variable lease cost
15

 
24

 
$
123

 
$
109


Supplemental cash flow related to leases of the Company's continuing operations was as follows for the three months ended March 31, 2020 and March 31, 2019 (in thousands):

 
Three months ended March 31, 2020
 
Three months ended March 31, 2019
Cash paid amounts included in the measurement of lease liabilities:
 
 
 
Operating cash flows used for operating leases
$
56

 
$
44


Other supplemental information related to leases of the Company's continuing operations was as follows at March 31, 2020 and 2019, respectively:

 
Three months ended March 31, 2020
 
Three months ended March 31, 2019
Weighted average remaining lease term (in years)
 
 
 
Operating leases
0.63

 
1.73

Finance leases
3.13

 
1.89

 
 
 
 
Weighted average discount rate
 
 
 
Operating leases
7.99
%
 
7.96
%
Finance leases
8.24
%
 
10.28
%
Schedule of future estimated minimum lease payments under operating leases
At March 31, 2020, future estimated minimum lease payments under non-cancelable operating leases were as follows (in thousands):

 
 
Finance
Leases
 
Operating
Leases
 
Total
2020 (remaining 9 months)
 
$
60

 
$
158

 
$
218

2021
 
39

 
20

 
59

2022
 
31

 
11

 
42

2023
 
31

 
2

 
33

2024
 
7

 

 
7

Total minimum lease payments
 
$
168

 
191

 
359

Less amount representing interest
 
21

 
17

 
38

Present value of net minimum obligations
 
147

 
174

 
321

Less current obligation under finance and operating leases
 
66

 
153

 
219

Long-term obligation under finance and operating leases
 
$
81

 
$
21

 
$
102

Schedule of future estimated minimum lease payments under finance leases
At March 31, 2020, future estimated minimum lease payments under non-cancelable operating leases were as follows (in thousands):

 
 
Finance
Leases
 
Operating
Leases
 
Total
2020 (remaining 9 months)
 
$
60

 
$
158

 
$
218

2021
 
39

 
20

 
59

2022
 
31

 
11

 
42

2023
 
31

 
2

 
33

2024
 
7

 

 
7

Total minimum lease payments
 
$
168

 
191

 
359

Less amount representing interest
 
21

 
17

 
38

Present value of net minimum obligations
 
147

 
174

 
321

Less current obligation under finance and operating leases
 
66

 
153

 
219

Long-term obligation under finance and operating leases
 
$
81

 
$
21

 
$
102