Cancer Genetics, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Leasing Arrangements (Tables)

Leasing Arrangements (Tables)

3 Months Ended

Mar. 31, 2020

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