Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.20.1
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2019
Operating Leased Assets [Line Items]  
Summary of Contractual Obligations

The following table summarizes our contractual obligations as of December 31, 2019 (in thousands):

 

 

 

Total

 

 

Less than 1 year

 

 

1-3 years

 

 

3-5 years

 

 

More than 5 years

 

Seattle office operating lease

 

$

173

 

 

$

148

 

 

$

25

 

 

$

—

 

 

$

—

 

Vancouver office operating lease - new

 

$

204

 

 

$

65

 

 

$

133

 

 

$

6

 

 

$

—

 

Total

 

$

377

 

 

$

213

 

 

$

158

 

 

$

6

 

 

$

—

 
Summary of Other Information Related to Leases

Other information related to leases was as follows:

 

 

Year Ended

 

 

December 31,

 

 

2019

 

 

2018

 

 

Supplemental Cash Flows Information

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

176

 

 

$

—

 

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

 

 

 

 

 

Operating leases

 

$

455

 

 

 

—

 

 

Weighted Average Remaining Lease Term

 

 

 

 

 

 

 

 

 

Operating leases

 

2.16 years

 

 

 

—

 

 

Weighted Average Discount Rate

 

 

 

 

 

 

 

 

 

Operating leases

 

 

9.97

%

 

 

—

 

 
Material Changes in Financial Condition

Material Changes in Financial Condition

 

 

 

December 31,

 

(in thousands)

 

2019

 

 

2018

 

Total Assets

 

$

21,078

 

 

$

19,084

 

Total Liabilities

 

 

3,028

 

 

 

3,282

 

Total Equity

 

 

18,050

 

 

 

15,802

 
Bothell Office Operating Lease [Member]  
Operating Leased Assets [Line Items]  
Summary of Future Minimum Annual Lease Payments

The future minimum annual lease payments under the New Lease are as follows (in thousands):

 

2020

 

 

148

 

2021

 

 

25

 

Total

 

$

173

 
Vancouver, British Columbia [Member]  
Operating Leased Assets [Line Items]  
Summary of Future Minimum Annual Lease Payments

The future minimum annual lease payments under the Vancouver lease are as follows (in thousands):

 

2020

 

 

65

 

2021

 

 

66

 

2022

 

 

67

 

2023

 

 

6

 

Total

 

$

204