Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.3.a.u2
Leases (Tables)
3 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of Financial Statement Classification of Lease Balances With Condensed Consolidated Balance Sheet

The following table provides information about the financial statement classification of our lease balances reported within the condensed consolidated balances sheets as of December 31, 2019 and October 1, 2019, in thousands:

 

 

 

December 31,

2019

 

 

October 1,

2019

 

Assets

 

 

 

 

 

 

 

 

Operating lease assets

 

$

70

 

 

$

146

 

Finance lease assets

 

 

42

 

 

 

49

 

Total lease assets

 

$

112

 

 

$

195

 

Liabilities

 

 

 

 

 

 

 

 

Current

 

 

 

 

 

 

 

 

Operating lease liabilities

 

$

27

 

 

$

99

 

Finance lease liabilities

 

 

20

 

 

 

22

 

Non-current

 

 

 

 

 

 

 

 

Operating lease liabilities

 

 

11

 

 

 

15

 

Finance lease liabilities

 

 

23

 

 

 

27

 

Total lease liabilities

 

$

81

 

 

$

163

 

 

Schedule of Financial Statement Classification of Lease Balances in Condensed Consolidated Statement of Operations

The following table provides information about the financial statement classification of our lease expenses reported in the condensed consolidated statement of operations for the three months ended December 31, 2019, in thousands:

Lease cost

 

Classification

 

Three Months Ended December 31, 2019

 

Operating lease cost

 

Selling, general and administrative expenses

 

$

76

 

Finance lease cost

 

Selling, general and administrative expenses

 

 

7

 

Total lease cost

 

 

 

$

83

 

 

Schedule of Future Minimum Lease Payments Under Non-cancelable Leases

Future minimum lease payments under non-cancelable leases as of December 31, 2019 are as follows, in thousands:

 

 

 

Operating leases

 

 

Finance Leases

 

 

Total

 

Remainder of 2020

 

$

162

 

 

$

18

 

 

$

180

 

2021

 

 

282

 

 

 

12

 

 

 

294

 

2022

 

 

281

 

 

 

7

 

 

 

288

 

2023

 

 

280

 

 

 

7

 

 

 

287

 

2024

 

 

280

 

 

 

2

 

 

 

282

 

Thereafter

 

 

7,160

 

 

 

 

 

 

7,160

 

Total lease payments

 

 

8,445

 

 

 

46

 

 

 

8,491

 

Less:  Interest

 

 

3,404

 

 

 

3

 

 

 

3,407

 

Present value of lease liabilities

 

 

5,041

 

 

 

43

 

 

$

5,084

 

Schedule of Weighted Average Remaining Term and Discount Rates

The following table provides information about the remaining lease terms and discount rates applied as of December 31, 2019:

 

 

 

December 31,

2019

 

Weighted average remaining lease term (years)

 

 

 

 

Operating leases

 

 

24.83

 

Finance leases

 

 

2.89

 

Weighted average discount rate (%)

 

 

 

 

Operating leases

 

 

4.17

 

Finance leases

 

 

4.17