| Leases |
NOTE 3. LEASES
As of December 31, 2019, operating leases and
finance leases are included in the Consolidated Balance Sheets as follows:
| |
|
Classification |
|
|
|
| Lease assets |
|
|
|
|
|
|
| Operating right-of-use assets, net |
|
|
|
$ |
1,038 |
|
| Finance right-of-use assets, net |
|
Property, plant and equipment, net |
|
|
— |
|
| Total lease assets |
|
|
|
$ |
1,038 |
|
| Lease Liabilities |
|
|
|
|
|
|
| Operating lease liabilities, current |
|
|
|
$ |
557 |
|
| Operating lease liabilities, non-current |
|
|
|
|
482 |
|
| Finance lease liabilities, current |
|
Notes payable, current portion, net of original issue discount and deferred financing fees |
|
|
69 |
|
| Finance lease liabilities, non-current |
|
Notes payable and financing leases, non-current portion, net of original issue discount and deferred financing fees |
|
|
44 |
|
| Total lease liabilities |
|
|
|
$ |
1,152 |
|
Rental expense, resulting from property lease
agreements, for the year ended December 31, 2018 was approximately $1,373. Operating lease costs are recorded on a straight-line
basis over the lease term. The components of lease cost from continuing operations recognized within the Consolidated Statements
of Operations were as follows for the year ended December 31, 2019:
| Operating leases |
|
|
|
| Operating lease costs |
|
$ |
657 |
|
| Variable lease costs |
|
|
— |
|
| Short-term lease costs |
|
|
— |
|
| Total operating lease costs |
|
$ |
657 |
|
Maturities of lease liabilities as of December
31, 2019 are as follows:
| |
|
Operating |
|
|
Finance |
|
|
Total |
|
| Year ended December 31, 2020 |
|
$ |
909 |
|
|
$ |
76 |
|
|
$ |
985 |
|
| Year ended December 31, 2021 |
|
|
762 |
|
|
|
31 |
|
|
|
793 |
|
| Year ended December 31, 2022 |
|
|
239 |
|
|
|
15 |
|
|
|
254 |
|
| Year ended December 31, 2023 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Year ended December 31, 2024 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Year ended December 31, 2025 and Thereafter |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Total lease payments |
|
|
1,910 |
|
|
|
122 |
|
|
|
2,032 |
|
| Less imputed lease interest |
|
|
(871 |
) |
|
|
(9 |
) |
|
|
(880 |
) |
| Total lease liabilities |
|
$ |
1,039 |
|
|
$ |
113 |
|
|
$ |
1,152 |
|
Minimum lease payments under ASC 840,
Leases, as of December 31, 2018, are as follows:
| 2019 |
|
|
402 |
|
| 2020 |
|
|
280 |
|
| 2021 |
|
|
269 |
|
| 2022 |
|
|
239 |
|
| 2023 |
|
|
— |
|
| Thereafter |
|
|
— |
|
| Total Lease Obligations |
|
$ |
1,190 |
|
Additional information related to our leasing
arrangements is presented as follows:
| |
|
Year ended December 31, 2019 |
|
| |
|
Operating
leases |
|
|
Financing
leases |
|
| Weighted average remaining lease term |
|
|
1.74 |
|
|
$ |
1.78 |
|
| Weighted average discount rate |
|
|
16 |
% |
|
|
8 |
% |
| Operating cash flows from operating leases |
|
|
746 |
|
|
|
— |
|
| Financing cash flows from financing leases |
|
|
— |
|
|
|
(527 |
) |
|