Quarterly report pursuant to Section 13 or 15(d)

Leases

Leases

3 Months Ended

Mar. 31, 2019

The Company currently maintains one finance lease for equipment and two operating leases for real estate. Our finance lease is immaterial to our condensed consolidated financial statements. Our operating leases have terms of 76 and 42 months and include one or more options to extend the duration of the agreements. These operating leases are included in "Other non-current assets" on the Company's March 31, 2019 condensed consolidated balance sheet and represent the Company's right to use the underlying assets for the term of the leases. The Company's obligation to make lease payments are included in "Lease liability, current portion" and "Lease liability, non-current portion" on the Company's March 31, 2019 condensed consolidated balance sheet.

Based on the present value of the lease payments for the remaining lease term of the Company's existing leases, the Company's total right-of-use assets were approximately $1.53 million and operating lease liabilities were approximately $1.75 million.

Information related to the Company's right-of-use assets and related lease liabilities were as follows (in thousands):



	Three months ended March 31, 2019
Cash paid for operating lease liabilities	$	154
Right-of-use assets	$	1,529
Weighted-average discount rate	9.66		%

Maturities of lease liabilities as of March 31,2019 were as follows (in thousands):



	Three months ended March 31, 2019
Due in 12 month period ended March 31,
2020	$	628
2021	$	647
2022	$	634
2023	$	91
Thereafter	$	—
	$	2,000
Less imputed interest	$	(249	)
Total lease liabilities	$	1,751

Current operating lease liabilities	$	499
Non-current operating lease liabilities	$	1,252
	$	1,751

Note: Excludes a finance lease with current liability of $6 and a non-current liability of $30.