Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

3 Months Ended

Mar. 31, 2019

Summary of Right-of-Use Assets and Lease Liabilities

Information related to the Company’s right-of-use assets and related lease liabilities is as follows:

	Three Months Ended
	March 31, 2019
Cash paid for operating lease liabilities	$	190
Right-of-use assets obtained in exchange for new operating lease obligation (1)	$	7,622
Weighted-average remaining lease term	13.2 years
Weighted-average discount rate		7.6	%

(1) All operating leases included above were held at January 1, 2019

Right-of-use assets and lease liabilities for the Company’s operating leases were recorded in the condensed consolidated balance sheet as follows, representing the Company’s right to use the underlying asset for the lease term (“Other assets”) and the Company’s obligation to make lease payments (“Other current liabilities” and “Other liabilities”):

	March 31, 2019
Other assets	$	7,504

Other current liabilities	$	442
Other liabilities		7,117
Total lease liabilities	$	7,559

Schedule of Future Lease Payments Included in Measurement of Lease Liabilities on Condensed Consolidated Balance Sheet

Future lease payments included in the measurement of lease liabilities on the condensed consolidated balance sheet as of March 31, 2019, for the following five fiscal years and thereafter were as follows:

Due in 12 month period ended March 31,
2020	$	982
2021		1,017
2022		1,022
2023		1,033
2024		1,038
Thereafter		6,420
	$	11,512
Less imputed interest		(3,953	)
Total lease liabilities	$	7,559

Schedule of Future Minimum Lease Payments Under Non-cancelable Operating Leases

As of December 31, 2018, future minimum lease payments, as defined under the previous lease accounting guidance of ASC Topic 840, under non-cancelable operating leases for the following five fiscal years and thereafter were as follows:

Due in 12 month period ended December 31,
2019	$	904
2020		1,020
2021		1,030
2022		985
2023		766
Thereafter		2,356
	$	7,061