Annual report pursuant to Section 13 and 15(d)

Lease Agreements (Tables)

v3.20.1
Lease Agreements (Tables)
12 Months Ended
Dec. 31, 2019
Lease Agreements  
Schedule of maturity of operating lease liabilities

The following table summarizes maturity of the Company’s operating lease liabilities as of December 31, 2019 (in thousands):

 

 

 

 

 

 

Operating

Undiscounted lease payments

    

Leases

2020

 

$

189

2021

 

 

196

2022

 

 

204

2023

 

 

35

Thereafter

 

 

 —

Total undiscounted lease payments

 

 

624

Present value adjustment

 

 

(51)

Total net lease liabilities

 

$

573

 

Schedule of undiscounted lease payments under operating leases

 

 

 

 

 

 

Operating

Undiscounted lease payments

    

Leases

2020

 

$

189

2021

 

 

196

2022

 

 

204

2023

 

 

35

Thereafter

 

 

 —

Total undiscounted lease payments

 

 

624

Present value adjustment

 

 

(51)

Total net lease liabilities

 

$

573

The following table summarizes the Company’s future undiscounted lease payments under operating leases (as defined by prior guidance) as of December 31, 2018 (in thousands):

 

 

 

 

 

    

 

Year Ending December 31,

 

Rent Payments

2019

 

$

4,381

2020

 

 

3,923

2021

 

 

3,156

2022

 

 

2,611

2023

 

 

854

Thereafter

 

 

Total minimum lease payments

 

$

14,925

 

Summary of supplemental cash flow information related to operating leases

The following information represents supplemental disclosure for the statement of cash flows related to operating leases (in thousands):

 

 

 

 

 

 

December 31, 

 

    

2019

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

Operating cash flows under operating leases

 

$

2,629

 

Summary of supplemental related to operating leases

 

 

 

 

 

 

December 31, 

 

 

    

2019

 

Weighted-average remaining lease term

 

 

 

Operating leases

 

3.17 years

 

Weighted-average discount rate

 

 

 

Operating leases

 

5.51

%