Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.3.a.u2
Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases  
Schedule of future minimum lease payments, excluding expense reimbursements, under noncancelable operating leases

The right-of-use asset and lease liability from this operating lease were recognized in the opening balance sheet as of January 1, 2019 and are based on the present value of remaining lease payments over the lease term using the Company’s incremental borrowing rate.

The following table presents information about the amount and timing of the liability arising from the Company’s operating lease as of September 30, 2019 ($ in thousands):

 

 

 

 

 

 

 

Operating Lease

Maturity of Lease Liability

 

Liability

2019

    

$

52

2020

 

 

207

2021

 

 

207

2022

 

 

207

2023

 

 

208

Thereafter

 

$

432

Total undiscounted operating lease payments

 

$

1,313

Less: Imputed interest

 

 

(370)

Present value of operating lease liability

 

$

943

 

Schedule of Summary of supplemental cash flows information related to leases

Supplemental cash flows information related to leases was as follows ($ in thousands):

 

 

 

 

 

 

 

    

Nine Months

 

 

 

Ended 

 

 

 

September 30, 

 

 

 

2019

 

Cash paid for amounts included in the measurement of lease liability:

 

 

 

 

Operating cash flows from operating lease

 

$

156

 

 

 

 

 

 

Right-of-use asset obtained in exchange for lease obligation:

 

 

 

 

Operating lease

 

$

976