Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

3 Months Ended

Mar. 31, 2020

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		Three Months Ended
	March 31, 2020		December 31, 2019
Cash paid for operating lease liabilities	$	333	$	190
Right-of-use assets obtained in exchange for new operating lease obligation		—		7,622

March 31, 2020

December 31,

2019

Weighted-average remaining lease term

12.3 years

12.5 years

Weighted-average discount rate

7.6

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, 2020		December 31, 2019
Other assets	$	7,019	$	7,144

Other current liabilities	$	513	$	580
Other liabilities		6,521		6,748
Total lease liabilities	$	7,034	$	7,328

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, 2020 for the following five fiscal years and thereafter were as follows:

Due in 12 month period ended March 31,
2021	$	1,008
2022		1,013
2023		1,024
2024		1,027
2025		1,031
Thereafter		5,299
	$	10,402
Less imputed interest		(3,368	)
Total lease liabilities	$	7,034