Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.20.1
LEASES (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Lease Information
Information related to the Company's operating lease assets and related lease liabilities were as follows:
 
December 31, 2019
Weighted average remaining lease term (in months)
77.04

Weighted average discount rate
6.5
%
Maturities of Lease Liabilities
Maturities of lease liabilities as of December 31, 2019 were as follows (in thousands):
Year ending December 31,
 
2020
$
1,370

2021
1,966

2022
1,993

2023
2,058

2024
2,120

Thereafter
3,260

 
12,767

Less imputed interest
(2,527
)
Total lease liabilities
$
10,240

 
 
Current operating lease liabilities
$
723

Non-current operating lease liabilities
9,517

Total lease liabilities
$
10,240


Prior to January 1, 2019, the Company accounted for leases under the previous U.S. GAAP lease guidance, Accounting Standards Codification Topic 840, Leases. The following table provides the Company's operating lease commitment as of December 31, 2018 (in thousands):
 
Operating Lease Commitment
2019
$
925

2020
961

2021
923

2022
929

2023
957

Thereafter
2,085

 
$
6,780