Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.19.3
LEASES (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Schedule of future minimum lease payments

Future minimum lease payments under the agreements were as follows as of September 30, 2019 (in thousands):

 

 

Amount

 

2019 (three months)

 

$

184

 

2020

 

 

900

 

2021

 

 

978

 

2022

 

 

1,006

 

2023 and thereafter

 

 

3,668

 

Total lease payments

 

 

6,736

 

Less: Interest

 

 

2,178

 

Present value of lease liabilities

 

$

4,558

 

 

Schedule of future minimum lease payments under non-cancellable leases

The Company adopted ASU 2016-02 on January 1, 2019 as noted in Note 2. Prior to the adoption, future minimum lease payment under the non-cancellable leases at December 31, 2018 were as follows (in thousands):

 

 

Amount

 

2019

 

$

730

 

2020

 

 

974

 

2021

 

 

973

 

2022

 

 

1,003

 

2023 and thereafter

 

 

3,665

 

Total

 

$

7,345