Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.2
Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Information Related to ROU Assets and Related Lease Liabilities





 

 

 

 



 

 

 

 



 

Three Months Ended June 30, 2019

 

Six Months Ended June 30, 2019



 

 

 

 

Cash paid for operating leases

$

33,000 

$

50,000 

Right-of-use assets obtained in exchange for new operating lease obligations (1)

 

 -

 

450,000 



 

 

 

 



 

 

 

 



 

 

 

As of June 30, 2019

Weighted-average remaining lease term

 

 

 

3.8 years

Weighted-average discount rate

 

 

 

4.5% 



 

 

 

 

(1)

Includes $262,000 for operating leases existing on January 1, 2019 and $188,000 for operating leases that commenced in the first quarter of 2019.

Maturities of Lease Liabilities



 

 



 

 

Q3 - Q4 2019

$

63,000 

2020

 

124,000 

2021

 

129,000 

2022

 

88,000 

2023

 

47,000 

Thereafter

 

4,000 

Total lease payments

 

455,000 

Less imputed interest

 

(47,000)

Total operating lease liabilities

$

408,000 



 

 



Future Minimum Lease Commitments under Operating Leases based on ASC 840



 

 

 



 

 

 

Year Ending December 31:

 

 

 

2019

 

$  

106,000 

2020

 

 

86,000 

2021

 

 

86,000 

2022

 

 

50,000 



 

328,000