Quarterly report pursuant to Section 13 or 15(d)

Operating Leases (Tables)

v3.19.3.a.u2
Operating Leases (Tables)
9 Months Ended
Sep. 30, 2019
Operating Leases [Abstract]  
Operating Lease-related Assets and Liabilities
The table below presents the lease-related assets and liabilities recorded on the balance sheet.

Dollars in thousands
Classification on the Balance Sheet 2019
 
January 1,
2019
 
Assets
       
Operating lease right-of-use assets
Operating lease right-of-use assets
   
421
 
           
Liabilities
         
Current - Operating
Operating lease liability short term
   
87
 
Noncurrent - Operating
Operating lease liability long term
   
342
 
Total operating lease liabilities
   
$
429
 
Lease Cost
The table below presents certain information related to the lease costs for operating leases for the three and nine months ended September 30, 2019.

   
Three months
ended
September 30,
2019
   
Nine months
ended
September 30,
2019
 
Dollars in thousands
           
Operating lease costs
   
95
     
219
 
Variable lease costs
   
8
     
24
 
Total Operating Lease costs
 
$
103
     
243
 
Maturity of Lease Liabilities
The table below reconciles the undiscounted cash flows for each of the first four years and total of the remaining years to the operating lease liabilities recorded on the balance sheet.

Dollars in thousands                           

  Operating Leases  
Remainder of 2019

 
$
95
 
2020
     
381
 
2021
     
381
 
2022
     
182
 
Total Minimum Lease Payments
     
1,039
 
Less: amount of lease payments representing interest
     
127
 
Present value of future minimum lease payments
   
$
912
 
Less: current obligations under leases
     
293
 
Long-term lease obligations
   
$
619