Eterna Therapeutics (ERNA) 10-Q 12 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 07, 2019
Document And Entity Information
Entity Registrant Name	NTN BUZZTIME INC
Entity Central Index Key	0000748592
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		2,883,728
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2019

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents	$ 2,727	$ 2,536
Restricted cash	51	50
Accounts receivable, net of allowances of $249 and $374, respectively	732	1,143
Income taxes receivable	8
Site equipment to be installed	1,689	2,539
Prepaid expenses and other current assets	506	517
Total current assets	5,713	6,785
Restricted cash, long-term	200	200
Operating lease right-of-use assets	2,245
Fixed assets, net	3,845	4,667
Software development costs, net of accumulated amortization of $3,165 and $2,973, respectively	2,464	2,018
Deferred costs	377	424
Goodwill	695	667
Other assets	100	103
Total assets	15,639	14,864
Current Liabilities:
Accounts payable	283	271
Accrued compensation	632	572
Accrued expenses	372	444
Sales taxes payable	67	87
Income taxes payable		1
Current portion of long-term debt	1,083	1,000
Current portion of obligations under operating leases	363
Current portion of obligations under financing leases	25	45
Current portion of deferred revenue	518	1,267
Other current liabilities	231	337
Total current liabilities	3,574	4,024
Long-term debt	2,235	2,729
Long-term obligations under operating leases	3,090
Long-term obligations under financing leases	31	41
Long-term deferred revenue	17	30
Deferred rent		1,123
Other liabilities	25
Total liabilities	8,972	7,947
Shareholders' Equity
Series A 10% cumulative convertible preferred stock, $0.005 par value, $156 liquidation preference, 156 shares authorized, issued and outstanding at June 30, 2019 and December 31, 2018	1	1
Common stock, $0.005 par value, 15,000 shares authorized at June 30, 2019 and December 31, 2018; 2,882 and 2,875 shares issued at June 30, 2019 and December 31, 2018, respectively	14	14
Treasury stock, at cost, 10 shares at June 30, 2019 and December 31, 2018	(456)	(456)
Additional paid-in capital	136,648	136,552
Accumulated deficit	(129,805)	(129,394)
Accumulated other comprehensive income	265	200
Total shareholders' equity	6,667	6,917
Total liabilities and shareholders' equity	$ 15,639	$ 14,864

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for doubtful accounts - accounts receivable	$ 249	$ 374
Software accumulated amortization	$ 3,165	$ 2,973
Series A cumulative preferred stock, percentage	10.00%	10.00%
Preferred stock series A, par value per share	$ 0.005	$ 0.005
Preferred stock series A, liquidation preference	$ 156	$ 156
Preferred stock series A, shares authorized	156	156
Preferred stock series A, shares issued	156	156
Preferred stock series A, shares outstanding	156	156
Common stock, par value	$ 0.005	$ 0.005
Common stock, shares authorized	15,000	15,000
Common stock, shares issued	2,882	2,875
Common stock, shares outstanding	2,882	2,875
Treasury stock, shares	10	10

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues
Total Revenue	$ 5,226	$ 5,651	$ 10,058	$ 11,412
Operating expenses:
Direct operating costs (includes depreciation and amortization of $618 and $614 for the three months ended June 30, 2019 and 2018, respectively, and $1,269 and $1,167 for the six months ended June 30, 2019 and 2018, respectively)	1,717	1,937	3,201	3,904
Selling, general and administrative	3,422	3,658	6,891	7,679
Depreciation and amortization (excluding depreciation and amortization included in direct operating costs)	89	83	185	169
Total operating expenses	5,228	5,678	10,277	11,752
Operating loss	(2)	(27)	(219)	(340)
Other expense, net	(88)	(73)	(173)	(167)
Loss before income taxes	(90)	(100)	(392)	(507)
Provision for income taxes		(24)	(11)	(26)
Net loss	(90)	(124)	(403)	(533)
Series A preferred stock dividend	(8)		(8)	(8)
Net loss attributable to common shareholders	$ (98)	$ (124)	$ (411)	$ (541)
Net loss per common share - basic and diluted	$ (0.03)	$ (0.05)	$ (0.14)	$ (0.22)
Weighted average shares outstanding - basic and diluted	2,870	2,514	2,868	2,512
Comprehensive loss
Net loss	$ (90)	$ (124)	$ (403)	$ (533)
Foreign currency translation adjustment	32	(43)	65	(91)
Total comprehensive loss	(58)	(167)	(338)	(624)
Subscription Revenue [Member]
Revenues
Total Revenue	3,800	4,041	7,633	8,106
Hardware Revenue [Member]
Revenues
Total Revenue	595	590	800	1,269
Other Revenue [Member]
Revenues
Total Revenue	$ 831	$ 1,020	$ 1,625	$ 2,037

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Depreciation and amortization - part of direct operating costs	$ 618	$ 614	$ 1,269	$ 1,167

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Series A Cumulative Convertible Preferred Stock [Member]	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income [Member]	Total
Balance at Dec. 31, 2017	$ 1	$ 13	$ (456)	$ 134,752	$ (129,119)	$ 345	$ 5,536
Balance, shares at Dec. 31, 2017	156	2,521
Foreign currency translation adjustment						(91)	(91)
Net loss					(533)		(533)
Net proceeds from common stock related to registered direct offering		$ 1		1,380			1,381
Net proceeds from common stock related to registered direct offering, shares		345
Cash paid to Series A preferred stockholders for semi-annual dividend					(8)		(8)
Non-cash stock based compensation				251			251
Balance at Jun. 30, 2018	$ 1	$ 14	(456)	136,383	(129,660)	254	6,536
Balance, shares at Jun. 30, 2018	156	2,866
Balance at Mar. 31, 2018	$ 1	$ 13	(456)	134,869	(129,528)	297	5,196
Balance, shares at Mar. 31, 2018	156	2,521
Foreign currency translation adjustment						(43)	(43)
Net loss					(124)		(124)
Net proceeds from common stock related to registered direct offering		$ 1		1,380			1,381
Net proceeds from common stock related to registered direct offering, shares		345
Cash paid to Series A preferred stockholders for semi-annual dividend					(8)		(8)
Non-cash stock based compensation				134			134
Balance at Jun. 30, 2018	$ 1	$ 14	(456)	136,383	(129,660)	254	6,536
Balance, shares at Jun. 30, 2018	156	2,866
Balance at Dec. 31, 2018	$ 1	$ 14	(456)	136,552	(129,394)	200	6,917
Balance, shares at Dec. 31, 2018	156	2,875
Foreign currency translation adjustment						65	65
Net loss					(403)		(403)
Issuance of common stock upon vesting of restricted stock units				(13)			(13)
Issuance of common stock upon vesting of restricted stock units, shares		7
Cash paid to Series A preferred stockholders for semi-annual dividend					(8)		(8)
Non-cash stock based compensation				109			109
Balance at Jun. 30, 2019	$ 1	$ 14	(456)	136,648	(129,805)	265	6,667
Balance, shares at Jun. 30, 2019	156	2,882
Balance at Mar. 31, 2019	$ 1	$ 14	(456)	136,606	(129,707)	233	6,691
Balance, shares at Mar. 31, 2019	156	2,878
Foreign currency translation adjustment						32	32
Net loss					(90)		(90)
Issuance of common stock upon vesting of restricted stock units				(8)			(8)
Issuance of common stock upon vesting of restricted stock units, shares		4
Cash paid to Series A preferred stockholders for semi-annual dividend					(8)		(8)
Non-cash stock based compensation				50			50
Balance at Jun. 30, 2019	$ 1	$ 14	$ (456)	$ 136,648	$ (129,805)	$ 265	$ 6,667
Balance, shares at Jun. 30, 2019	156	2,882

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows provided by (used in) operating activities:
Net loss	$ (403)	$ (533)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	1,454	1,336
Provision for doubtful accounts	27	36
Amortization of operating lease right-of-use assets	144
Scrap expense	4	28
Transfer of fixed assets to sales-type lease	6	10
Stock-based compensation	109	251
Amortization of debt issuance costs	5	17
Loss from disposition of equipment and capitalized software	16	23
Changes in assets and liabilities:
Accounts receivable	384	(108)
Site equipment to be installed	465	(111)
Operating lease liabilities	(58)
Prepaid expenses and other assets	12	(176)
Accounts payable and accrued liabilities	(20)	145
Income taxes	(10)	14
Deferred costs	47	234
Deferred revenue	(866)	(848)
Deferred rent		(99)
Other liabilities	23	20
Net cash provided by operating activities	1,339	239
Cash flows used in investing activities:
Capital expenditures	(79)	(280)
Capitalized software development expenditures	(639)	(424)
Net cash used in investing activities	(718)	(704)
Cash flows (used in) provided by financing activities:
Net proceeds from issuance of common stock related to registered direct offering		1,381
Principal payments on long-term debt	(417)	(364)
Principal payments on financing leases	(30)	(88)
Payment of preferred stockholders dividends	(8)	(8)
Tax withholding related to net share settlement of vested restricted stock units	(13)
Net cash (used in) provided by financing activities	(468)	921
Effect of exchange rate on cash and cash equivalents	39	(49)
Net increase in cash, cash equivalents and restricted cash	192	407
Cash, cash equivalents and restricted cash at beginning of period	2,786	3,378
Cash, cash equivalents and restricted cash at end of period	2,978	3,785
Supplemental disclosures of cash flow information: Cash paid during the period for:
Interest	116	173
Income taxes	24	17
Supplemental disclosure of non-cash investing and financing activities:
Initial measurement of operating lease right-of-use assets and liabilities	3,458
Site equipment transferred to fixed assets	381	1,151
Assets acquired under financing lease		5
Assets acquired under operating lease	53
Reconciliation of cash, cash equivalents and restricted cash at end of period:
Cash and cash equivalents	2,727	3,785
Restricted cash	51
Restricted cash, long-term	200
Total cash, cash equivalents and restricted cash at end of period	$ 2,978	$ 3,785

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	(1) BASIS OF PRESENTATION Description of Business NTN Buzztime, Inc. (the “Company”) was incorporated in Delaware in 1984 as Alroy Industries and changed its corporate name to NTN Communications, Inc. in 1985. The Company changed its name to NTN Buzztime, Inc. in 2005 to better reflect the growing role of the Buzztime consumer brand. The Company delivers interactive entertainment and innovative technology, including performance analytics, to help its customers acquire, engage and retain its patrons. The Company’s tablets and technology offer engaging solutions to establishments with guests who experience dwell time, such as in bars, restaurants, casinos and senior living centers. Casual dining venues subscribe to the Company’s customizable solution to differentiate themselves via competitive fun by offering guests trivia, card, sports and arcade games. The Company’s platform creates connections among the players and venues, and amplifies guests’ positive experiences, and its in-venue TV network creates one of the largest digital out of home ad audiences in the United States and Canada. The Company also continues to support its legacy network product line, which it calls its Classic platform. The Company generates revenue by charging subscription fees for its service to network subscribers, by leasing tablet platform equipment to certain network subscribers, by selling tablet platform equipment, by hosting live trivia events, by selling advertising aired on in-venue screens and as part of customized games, by licensing its content for use with third-party equipment, from providing professional services (such as developing certain functionality within the Company’s platform for customers), and from pay-to-play arcade games. At June 30, 2019, 2,609 venues in the U.S. and Canada subscribed to the Company’s interactive entertainment network. Basis of Accounting Presentation The accompanying unaudited interim condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying condensed consolidated financial statements include all adjustments that are necessary, which are of a normal and recurring nature, for a fair presentation for the periods presented of the financial position, results of operations and cash flows of the Company and its wholly-owned subsidiaries: IWN, Inc., IWN, L.P., Buzztime Entertainment, Inc., NTN Wireless Communications, Inc., NTN Software Solutions, Inc., NTN Canada, Inc., and NTN Buzztime, Ltd., all of which, other than NTN Canada, Inc., are dormant subsidiaries. All significant intercompany transactions have been eliminated in consolidation. These condensed consolidated financial statements should be read with the consolidated financial statements and notes thereto contained in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2018. The accompanying condensed balance sheet as of December 31, 2018 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by GAAP for complete financial statements. The results of operations for the three and six months ended June 30, 2019 are not necessarily indicative of the results to be anticipated for the entire year ending December 31, 2019, or any other period. In connection with preparing its financial statements as of and for the period ended June 30, 2019, the Company evaluated whether there are conditions and events, considered in the aggregate, that are known and reasonably knowable that would raise substantial doubt about its ability to continue as a going concern within twelve months after the date that such financial statements are issued. The Company believes it has sufficient cash to meet its operating cash requirements and to fulfill its debt obligations for at least the next twelve months after the date that such financial statements are issued. Although the Company continues to have discussions with Buffalo Wild Wings and directly with its franchisees regarding the possibility of continuing the Company’s relationship with them beyond November 2019, which is when the relationship under existing agreements terminates in accordance with their terms, and although one Buffalo Wild Wing franchisee agreed to extend the Company’s entertainment services to that franchisee’s 64 locations through December 2020, the Company has begun to reduce certain operating expenses in anticipation of the termination of existing agreements. If the Company extends its relationship with Buffalo Wild Wings, the Company expects the relationship will be significantly different than in the past, as the Company believes that Buffalo Wild Wings prefers a mobile-only, trivia-driven solution to the Company’s tablet-based platform In addition, the Company continues to explore and evaluate additional financing alternatives, including additional equity financings and alternative sources of debt. These efforts are being undertaken to increase the likelihood that the Company will be able to successfully execute its current long-term operating and strategic plan and to position the Company to take advantage of market opportunities for growth and to respond to competitive pressures. If the Company’s cash and cash equivalents are not sufficient to meet future capital requirements, it will not be able to successfully execute its current long-term operating and strategic plan or take advantage of market opportunities for growth and may have to reduce planned capital expenses and further reduce operational cash uses, or may have to raise capital on terms that are not as favorable to the Company as they otherwise might be. Any actions the Company is undertaking or may undertake to reduce planned capital expenses or reduce operational cash uses may not cover shortfalls in available funds. If the Company requires additional capital, it may not secure additional capital on terms acceptable to the Company, or at all. Reclassifications Certain reclassifications have been made to the prior year’s consolidated balance sheet and statement of cash flows to conform to the current year presentation. These reclassifications had no effect on previously reported results of operations or retained earnings.

Restricted Cash

Restricted Cash	6 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Restricted Cash	(2) RESTRICTED CASH In connection with the Company entering into an agreement to lease office space for its corporate headquarters, the Company’s bank, Avidbank, issue a letter for credit to the lessor in the amount of $250,000 as security, which amount will reduce by $50,000 each year beginning December 1, 2019, provided there has been no default under the lease. Avidbank required the Company to deposit $250,000 in a restricted cash account maintained with the bank, which amount will reduce in alignment with the amount required under the letter of credit each year. The Company recorded the $250,000 deposit as restricted cash on its balance sheet, with $50,000 plus any earned interest being recorded in short-term restricted cash and the balance being recorded in long-term restricted cash. The amount deposited in such account will not count toward the covenant under the Avidbank loan and security agreement (see Note 6) that requires the Company to have an aggregate amount of unrestricted cash in deposit accounts or securities accounts maintained with Avidbank of not less than $2,000,000 at all times.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2019
Revenue Recognition [Abstract]
Revenue Recognition	(3) Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Codification Topic 606, Revenue from Contracts with Customers (“Topic 606”). In general, when multiple performance obligations are present in a customer contract, the transaction price is allocated to the individual performance obligation based on the relative stand-alone selling prices, and the revenue is recognized when or as each performance obligation has been satisfied. Discounts are treated as a reduction to the overall transaction price and allocated to the performance obligations based on the relative stand-alone selling prices. All revenues are recognized net of sales tax collected from the customer. The Company disaggregates revenue by material revenue stream as depicted on its statement of operations. The following describes how the Company recognizes revenue under Topic 606. Subscription Revenue Costs associated with installing the equipment are considered direct costs. Costs associated with sales commissions are considered incremental costs for fulfilling the contract because such costs would not have been incurred without obtaining the contract. The Company expects to recover both costs through future fees it collects and both costs are recorded in deferred costs on the balance sheet and amortized on a straight-line basis. For costs that are of an amount that is less than or equal to the deferred revenue for the related contract, the amortization period approximates the longer of the contract term and the expected term of the customer relationship. For any excess costs that exceed the deferred revenue, the amortization period of the excess cost is the initial term of the contract, which is generally one year because the Company can still recover that excess cost in the initial term of the contract. Sales-type Lease Revenue Leases. Equipment Sales Live Hosted Trivia Revenue Advertising Revenue Pay-to-Play Revenue Content Licensing Professional Development Revenue The Company’s customers predominantly range from small independently operated bars and restaurants to bars and restaurants operated by national chains. This results in diverse venue sizes and locations. As of June 30, 2019, 2,609 venues in the U.S. and Canada subscribed to the Company’s interactive entertainment network, of which, approximately 47% were Buffalo Wild Wings corporate-owned restaurants and its franchisees. In October 2018, Buffalo Wild Wings informed the Company that Buffalo Wild Wings determined not to rollout the Company’s order, payment and guest insights functionality and that its relationship with the Company would continue in accordance with existing agreements entered into in the ordinary course of business, and which terminate in accordance with their terms in November 2019. See “PART II — OTHER INFORMATION, ITEM 1A., Risk Factors.” The table below sets forth the approximate amount of revenue the Company generated from Buffalo Wild Wings corporate-owned restaurants and its franchisees during the three and six months ended June 30, 2019 and 2018, and the percentage of total revenue that such amount represents for such periods: Three months ended Six months ended 2019 2018 2019 2018 Buffalo Wild Wings revenue $ 2,279,000 $ 2,475,000 $ 4,215,000 $ 5,273,000 Percent of total revenue 44 % 44 % 42 % 46 % As of June 30, 2019 and December 31, 2018, approximately $252,000 and $552,000, respectively, was included in accounts receivable from Buffalo Wild Wings corporate-owned restaurants and its franchisees. The geographic breakdown of the Company’s revenue for the three and six months ended June 30, 2019 and 2018 were as follows: Three months ended Six months ended 2019 2018 2019 2018 United States $ 5,063,000 $ 5,482,000 $ 9,724,000 $ 11,073,000 Canada 163,000 169,000 334,000 339,000 Total revenue $ 5,226,000 $ 5,651,000 $ 10,058,000 $ 11,412,000 The Company enters into contracts and may recognize contract assets and liabilities that arise from these contracts. The Company recognizes revenue and corresponding cash for customers who auto pay via their bank account or credit card, or the Company recognizes a corresponding accounts receivable for customers the Company invoices. The Company may receive consideration from customers, per the terms of the contract, prior to transferring goods or services to the customer. In such instances, the Company records a contract liability and recognizes the contract liability as revenue when all revenue recognition criteria are met. The table below shows the balance of contract liabilities as of June 30, 2019 and December 31, 2018, including the change during the period. Deferred Balance at January 1, 2019 $ 1,297,000 New performance obligations 519,000 Revenue recognized (1,281,000 ) Balance at June 30, 2019 535,000 Less non-current portion (17,000 ) Current portion at June 30, 2019 $ 518,000 The Company does not generally recognize revenue in advance of when the contract gives the Company the right to invoice a customer, and therefore the Company did not recognize any related contract assets as of June 30, 2019.

Basic and Diluted Earnings Per

Basic and Diluted Earnings Per Common Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Basic and Diluted Earnings Per Common Share	(4) Basic and Diluted Earnings Per Common Share Basic earnings per share excludes the dilutive effects of options, warrants and other convertible securities. Diluted earnings per share reflects the potential dilutions of securities that could share in the Company’s earnings. Options, warrants and convertible preferred stock representing approximately 247,000 and 288,000 shares of common stock were excluded from the computations of diluted net loss per common share as of June 30, 2019 and 2018, respectively, as their effect was anti-dilutive.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2019
Shareholders' Equity
Shareholders' Equity	(5) SHAREHOLDERS’ EQUITY Stock-based Compensation The Company’s stock-based compensation plans include the NTN Buzztime, Inc. 2019 Performance Incentive Plan (the “2019 Plan”), the NTN Buzztime, Inc. Amended 2010 Performance Incentive Plan (the “2010 Plan”) and the NTN Buzztime, Inc. 2014 Inducement Plan (the “2014 Plan”). The Company’s board of directors designated its nominating and corporate governance/compensation committee as the administrator of the foregoing plans (the “Plan Administrator”). Among other things, the Plan Administrator selects persons to receive awards and determines the number of shares subject to each award and the terms, conditions, performance measures, if any, and other provisions of the award. At the Company’s 2019 Annual Meeting of Stockholders, the Company’s stockholders approved the 2019 Plan, which provides for the issuance of up to 240,000 shares of Company common stock. Awards the under the 2019 Plan may be granted to officers, directors, employees and consultants of the Company. Stock options granted under the 2019 Plan may either be incentive stock options or nonqualified stock options, have a term of up to ten years, and are exercisable at a price per share not less than the fair market value on the date of grant. As of June 30, 2019, stock options to purchase approximately 2,000 shares of the Company’s common stock have been granted under the 2019 Plan. As a result of stockholder approval of the 2019 Plan, no future grants will be made under the 2010 Plan. All awards that are outstanding under the 2010 Plan will continue to be governed by the 2010 Plan until they are exercised or expire in accordance with the terms of the applicable award or the 2010 Plan. As of June 30, 2019, there were approximately stock options to purchase 62,000 shares of common stock and 87,000 restricted stock units outstanding under the Amended 2010 Plan. The 2014 Plan provides for the grant of up to 85,000 share-based awards to a new employee as an inducement material to the new employee entering into employment with the Company and expires in September 2024. As of June 30, 2019, there were no share-based awards available for grant under the 2014 Plan. The Company records stock-based compensation in accordance with ASC No. 718 , Compensation – Stock Compensation. Compensation – Stock Compensation (Topic 718) – Improvements to Nonemployee Share-Based Payment Accounting. The Company uses the historical stock price volatility as an input to value its stock options under ASC No. 718. The expected term of stock options represents the period of time options are expected to be outstanding and is based on observed historical exercise patterns of the Company, which the Company believes are indicative of future exercise behavior. For the risk-free interest rate, the Company uses the observed interest rates appropriate for the term of time options are expected to be outstanding. The dividend yield assumption is based on the Company’s history and expectation of dividend payouts. The following weighted-average assumptions were used for awards granted during the three and six months ended June 30, 2019 and 2018: Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Weighted average risk-free rate 1.82 % 2.88 % 1.82 % 2.88 % Weighted average volatility 113.98 % 113.09 % 113.98 % 113.09 % Dividend yield 0.00 % 0.00 % 0.00 % 0.00 % Expected term 5.78 years 7.24 years 5.78 years 7.24 years The Company granted stock options to purchase approximately 2,000 shares of common stock during each of the three and six months ended June 30, 2019 and 2018. No options were exercised during either of the three or six months ended June 30, 2019 or 2018. Outstanding restricted stock units are settled in an equal number of shares of common stock on the vesting date of the award. A stock unit award is settled only to the extent vested. Vesting generally requires the continued employment by the award recipient through the respective vesting date. Because restricted stock units are settled in an equal number of shares of common stock without any offsetting payment by the recipient, the measurement of cost is based on the quoted market price of the stock at the measurement date, which is the grant date. During the six months ended June 30, 2019, the Company granted approximately 47,000 restricted stock units with a weighted average grant date fair value of $3.72 per restricted stock unit. During the six months ended June 30, 2018, the Company granted approximately 53,000 restricted stock units with a weighted average grant date fair value of $6.04 per restricted stock unit. No restricted stock units were granted during either of the three months ended June 30, 2019 or 2018. All restricted stock units granted vest as to 16.67% of the total underlying shares on the six month anniversary of the grant date and as to the balance of the total underlying shares in 30 substantially equal monthly installments, beginning on the seven month anniversary of the grant date, subject to accelerated vesting in the event of a change in control. In lieu of paying cash to satisfy withholding taxes due upon the settlement of vested restricted stock units, an employee may elect to have shares of common stock withheld that would otherwise be issued at settlement, the value of which is equal to the amount of withholding taxes payable. During the three and six months ended June 30, 2019, approximately 7,000 and 11,000 restricted stock units vested and were settled, respectively, and as a result of employees electing to satisfy applicable withholding taxes by having the Company withhold shares, approximately 4,000 and 7,000 shares of common stock were issued, respectively. There were no restricted stock units that vested and settled during the three and six months ended June 30, 2018. The Company estimates forfeitures, based on historical activity, at the time of grant and revises such estimates if necessary in subsequent periods if actual forfeiture rates differ from those estimates. Stock-based compensation expense for the three months ended June 30, 2019 and 2018 was $50,000 and $134,000, respectively, and $109,000 and $251,000 for the six months ended June 30, 2019 and 2018, respectively, and is expensed in selling, general and administrative expenses and credited to additional paid-in-capital.

Debt

Debt	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Debt	(6) DEBT Term Loan In September 2018, the Company entered into a loan and security agreement with Avidbank for a one-time 48-month term loan in the amount of $4,000,000. The Company makes monthly electronic principal payments initiated by Avidbank of approximately $83,000 plus accrued and unpaid interest. The June 2019 payment was not deducted from the Company’s bank account until July 1, 2019. Accordingly, as of June 30, 2019, $3,333,000 of the term loan was outstanding, with $1,083,000 recorded in current portion of long-term debt and the remaining $2,250,000 recorded as long-term debt on the Company’s balance sheet. The Company recorded debt issuance costs of $23,000, which includes the $20,000 facility fee. The debt issuance costs are amortized to interest expense using the effective interest rate method over the life of the loan. The unamortized balance of the debt issuance costs as of June 30, 2019 was approximately $15,000 and is recorded as a reduction of long-term debt. The Company must comply with the following financial covenants: ● EBITDA (as defined below) must be at least $1,000,000 for the trailing six-month period as of the last day of each fiscal quarter. “EBITDA” means (a) net profit (or loss), after provision for taxes, plus (b) interest expense, plus (c) to the extent deducted in the calculation of net profit (or loss), depreciation expense and amortization expense, plus (d) income tax expense, plus (e) to the extent approved by Avidbank, other noncash expenses and charges, other onetime charges, and any losses arising from the sale, exchange, transfer or other disposition of assets not in the ordinary course of business. ● The aggregate amount of unrestricted cash the Company has in deposit accounts or securities accounts maintained with Avidbank must be not less than $2,000,000 at all times. As of June 30, 2019, the Company was in compliance with both of these financial covenants.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	(7) LEASES On January 1, 2019, the Company adopted ASC No. 842, Leases Topic 842 also allows lessees and lessors to elect certain practical expedients. The Company elected the following practical expedients: ● Transitional practical expedients, which must be elected as a package and applied consistently to all of the Company’s leases: ○ The Company need not reassess whether any expired or existing contracts are or contain leases. ○ The Company need not reassess the lease classification for any expired or existing leases (that is, all existing leases that were classified as operating leases in accordance with the previous guidance will be classified as operating leases, and all existing leases that were classified as capital leases in accordance with the previous guidance will be classified as finance leases). ○ The Company need not reassess initial direct costs for any existing leases. ● Hindsight practical expedient. The Company elected the hindsight practical expedient in determining the lease term (that is, when considering lessee options to extend or terminate the lease and to purchase the underlying asset) and in assessing impairment of the Company’s right-of-use assets. ● As a lessor, the Company elected to not separate nonlease components from lease components when both of the following are met: ○ The timing and patterns of transfer for the lease component and nonlease component associated with that lease component are the same; and ○ The lease component, if accounted for separately, would be classified as an operating lease. As Lessee The Company has entered into operating leases for office and production facilities and equipment under agreements that expire at various dates through 2026. Certain of these leases contain renewal provisions and escalating rental clauses and generally require the Company to pay utilities, insurance, taxes and other operating expenses. The Company also has property held under financing leases that expire at various dates through 2021. The Company’s leases do not contain any residual value guarantees or material restrictive covenants. Upon adoption of Topic 842, the Company recognized on its consolidated balance sheet as of January 1, 2019 an initial measurement of approximately $3,458,000 of operating lease liabilities, and approximately $2,336,000 of corresponding operating right-of use assets, net of tenant improvement allowances. The initial measurement of the financing leases under Topic 842 did not have a material change from the balances of the financing lease liabilities and assets recorded prior to the adoption of Topic 842. There was also no cumulative effect adjustment to retained earnings as a result of the transition to Topic 842. The Company recorded the initial recognition of the operating leases as a supplemental noncash financing activity on the accompanying statement of cash flows. The adoption of Topic 842 did not have a material impact on the Company’s consolidated statement of operations. The tables below show the initial measurement of the operating lease right-of-use assets and liabilities as of January 1, 2019 and the balances as of June 30, 2019, including the changes during the periods. Operating lease right-of-use assets Initial measurement at January 1, 2019 $ 3,458,000 Less tenant improvement allowance (1,122,000 ) Net right-of-use assets at January 1, 2019 2,336,000 Initial measurement of new operating lease right-of-use-assets 53,000 Less amortization of operating lease right-of-use assets (144,000 ) Operating lease right-of-use assets at June 30, 2019 $ 2,245,000 Operating lease Initial measurement at January 1, 2019 $ 3,458,000 Initial measurement of new operating lease liabilities 53,000 Less principal payments on operating lease liabilities (58,000 ) Operating lease liabilities at June 30, 2019 3,453,000 Less non-current portion (3,090,000 ) Current portion at June 30, 2019 $ 363,000 As of June 30, 2019, the Company’s operating leases have a weighted-average remaining lease term of 6.7 years and a weighted-average discount rate of 7.25%. The maturities of the operating lease liabilities are as follows: As of June 30, 2019 2019 $ 279,000 2020 633,000 2021 620,000 2022 634,000 2023 655,000 Thereafter 1,601,000 Total operating lease payments 4,422,000 Less imputed interest (969,000 ) Present value of operating lease liabilities $ 3,453,000 Total lease expense was approximately $135,000 and $131,000 for the three months ended June 30, 2019 and 2018, respectively, and approximately $270,000 and $264,000 for the six months ended June 30, 2019 and 2018, respectively. Lease expense was recorded in selling, general and administrative expenses. The tables below show the initial measurement of the financing lease right-of-use assets and liabilities as of January 1, 2019 and the balances as of June 30, 2019, including the changes during the periods. The Company’s financing lease right-of-use assets are included in “Fixed assets, net” on the accompanying consolidated balance sheet. Financing lease right-of-use assets Initial measurement at January 1, 2019 $ 80,000 Less depreciation of financing lease right-of-use assets (28,000 ) Financing lease right-of-use assets at June 30, 2019 $ 52,000 Financing lease liabilities Initial measurement at January 1, 2019 $ 86,000 Less principal payments on financing lease liabilities (30,000 ) Financing lease liabilities as of June 30, 2019 56,000 Less non-current portion (31,000 ) Current portion at June 30, 2019 $ 25,000 As of June 30, 2019, the Company’s financing leases have a weighted-average remaining lease term of 2.2 years and a weighted-average discount rate of 5.51%. The maturities of the financing lease liabilities are as follows: As of June 30, 2019 2019 $ 16,000 2020 23,000 2021 21,000 Total financing lease payments 60,000 Less imputed interest (4,000 ) Present value of financing lease liabilities $ 56,000 For the three months ended June 30, 2019 and 2018, total lease costs under financing leases were approximately $10,000 and $48,000, respectively. For the six months ended June 30, 2019 and 2018, total lease costs under financing leases were approximately $32,000 and $95,000, respectively. As Lessor Topic 842 did not make fundamental changes to lease accounting guidance for lessors. Therefore there was no financial statement impact due to the adoption of Topic 842. As a lessor, the Company has two types of customer contracts that involve leases: right-to-use operating leases and sales-type leases. Right-to-use operating leases. Revenue from Contracts with Customers, Sales-type leases.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2019
Shareholders' Equity
Accumulated Other Comprehensive Income	(8) ACCUMULATED OTHER COMPREHENSIVE INCOME The United States dollar is the Company’s functional currency, except for its operations in Canada where the functional currency is the Canadian dollar. The financial position and results of operations of the Company’s foreign subsidiaries are measured using the foreign subsidiary’s local currency as the functional currency. In accordance with ASC No. 830, Foreign Currency Matters

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2019
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	(9) RECENT ACCOUNTING PRONOUNCEMENTS In November 2018, the Financial Accounting Standards Board (the “FASB”) issued ASU No. 2018-18, Collaborative Arrangements (Topic 808): Clarifying the Interaction between Topic 808 and Topic 606. In August 2018, the FASB issued ASU No. 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2019
Revenue Recognition [Abstract]
Schedule of Revenue and Percentage of Revenue	The table below sets forth the approximate amount of revenue the Company generated from Buffalo Wild Wings corporate-owned restaurants and its franchisees during the three and six months ended June 30, 2019 and 2018, and the percentage of total revenue that such amount represents for such periods: Three months ended Six months ended 2019 2018 2019 2018 Buffalo Wild Wings revenue $ 2,279,000 $ 2,475,000 $ 4,215,000 $ 5,273,000 Percent of total revenue 44 % 44 % 42 % 46 %
Schedule of Revenues Geographic Breakdown	The geographic breakdown of the Company’s revenue for the three and six months ended June 30, 2019 and 2018 were as follows: Three months ended Six months ended 2019 2018 2019 2018 United States $ 5,063,000 $ 5,482,000 $ 9,724,000 $ 11,073,000 Canada 163,000 169,000 334,000 339,000 Total revenue $ 5,226,000 $ 5,651,000 $ 10,058,000 $ 11,412,000
Schedule of Contract Liabilities	The table below shows the balance of contract liabilities as of June 30, 2019 and December 31, 2018, including the change during the period. Deferred Balance at January 1, 2019 $ 1,297,000 New performance obligations 519,000 Revenue recognized (1,281,000 ) Balance at June 30, 2019 535,000 Less non-current portion (17,000 ) Current portion at June 30, 2019 $ 518,000

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2019
Shareholders' Equity
Schedule of Weighted Average Assumptions	The following weighted-average assumptions were used for awards granted during the three and six months ended June 30, 2019 and 2018: Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Weighted average risk-free rate 1.82 % 2.88 % 1.82 % 2.88 % Weighted average volatility 113.98 % 113.09 % 113.98 % 113.09 % Dividend yield 0.00 % 0.00 % 0.00 % 0.00 % Expected term 5.78 years 7.24 years 5.78 years 7.24 years

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Schedule of Operating Lease Right-of-use Assets and Liabilities	T he tables below show the initial measurement of the operating lease right-of-use assets and liabilities as of January 1, 2019 and the balances as of June 30, 2019, including the changes during the periods. Operating lease right-of-use assets Initial measurement at January 1, 2019 $ 3,458,000 Less tenant improvement allowance (1,122,000 ) Net right-of-use assets at January 1, 2019 2,336,000 Initial measurement of new operating lease right-of-use-assets 53,000 Less amortization of operating lease right-of-use assets (144,000 ) Operating lease right-of-use assets at June 30, 2019 $ 2,245,000 Operating lease Initial measurement at January 1, 2019 $ 3,458,000 Initial measurement of new operating lease liabilities 53,000 Less principal payments on operating lease liabilities (58,000 ) Operating lease liabilities at June 30, 2019 3,453,000 Less non-current portion (3,090,000 ) Current portion at June 30, 2019 $ 363,000
Schedule of Maturities Operating Leases	The maturities of the operating lease liabilities are as follows: As of June 30, 2019 2019 $ 279,000 2020 633,000 2021 620,000 2022 634,000 2023 655,000 Thereafter 1,601,000 Total operating lease payments 4,422,000 Less imputed interest (969,000 ) Present value of operating lease liabilities $ 3,453,000
Schedule of Financing Lease Right-of-use Assets and Liabilities	The Company’s financing lease right-of-use assets are included in “Fixed assets, net” on the accompanying consolidated balance sheet. Financing lease right-of-use assets Initial measurement at January 1, 2019 $ 80,000 Less depreciation of financing lease right-of-use assets (28,000 ) Financing lease right-of-use assets at June 30, 2019 $ 52,000 Financing lease liabilities Initial measurement at January 1, 2019 $ 86,000 Less principal payments on financing lease liabilities (30,000 ) Financing lease liabilities as of June 30, 2019 56,000 Less non-current portion (31,000 ) Current portion at June 30, 2019 $ 25,000
Schedule of Maturities Financing Leases	The maturities of the financing lease liabilities are as follows: As of June 30, 2019 2019 $ 16,000 2020 23,000 2021 21,000 Total financing lease payments 60,000 Less imputed interest (4,000 ) Present value of financing lease liabilities $ 56,000

Basis of Presentation (Details

Basis of Presentation (Details Narrative)	6 Months Ended
	Jun. 30, 2019Number
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of venues	2,609

Restricted Cash (Details Narrat

Restricted Cash (Details Narrative) - USD ($)	Dec. 01, 2019	Jun. 30, 2019	Dec. 31, 2018
Short-term restricted cash		$ 51,000	$ 50,000
Restricted Stock Units [Member]
Deposit		250,000
Short-term restricted cash		50,000
Avidbank [Member]
Line of credit facility		250,000
Avidbank [Member] | Maximum [Member]
Unrestricted cash in deposit accounts or securities accounts		$ 2,000,000
Avidbank [Member] | Forecast [Member]
Reduction in line of credit facility	$ 50,000

Revenue Recognition (Details Na

Revenue Recognition (Details Narrative) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)Number	Dec. 31, 2018USD ($)
Number of venues	2,609
Buffalo Wild Wings [Member]
Number of venues	2,609
Owned percentage	47.00%
Revenue recognition included in accounts receivable | $	$ 252	$ 552

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Revenue and Percentage of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue	$ 5,226	$ 5,651	$ 10,058	$ 11,412
Buffalo Wild Wings [Member]
Revenue	$ 2,279	$ 2,475	$ 4,215	$ 5,273
Percent of total revenue	44.00%	44.00%	42.00%	46.00%

Revenue Recognition - Schedul_2

Revenue Recognition - Schedule of Revenues Geographic Breakdown (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Total revenue	$ 5,226	$ 5,651	$ 10,058	$ 11,412
United States [Member]
Total revenue	5,063	5,482	9,724	11,073
Canada [Member]
Total revenue	$ 163	$ 169	$ 334	$ 339

Revenue Recognition - Schedul_3

Revenue Recognition - Schedule of Contract Liabilities (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Revenue Recognition [Abstract]
Balance at January 1, 2019	$ 1,297
New performance obligations	519
Revenue recognized	(1,281)
Balance at June 30, 2019	535
Less non-current portion	(17)
Current portion at June 30, 2019	$ 518

Basic and Diluted Earnings Pe_2

Basic and Diluted Earnings Per Common Share (Details Narrative) - shares	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Antidilutive shares excluded from earnings per share	247,000	288,000

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Stock option to purchase common stock, granted	2,000		2,000
Stock option exercised
Restricted stock units vested and settled	7,000		11,000
Common stock issued, withholding taxes	4,000		7,000
Stock-based compensation	$ 50	$ 134	$ 109	$ 251
Restricted Stock Units [Member]
Number of shares granted			47,000	53,000
Weighted average grant-date fair value per share price			$ 3.72	$ 6.04
Restricted Stock Units [Member] | Six Month Anniversary [Member]
Number of restricted stock vesting, percentage			16.67%
Number of shares granted, description			During the six months ended June 30, 2019, the Company granted approximately 47,000 restricted stock units with a weighted average grant date fair value of $3.72 per restricted stock unit. During the six months ended June 30, 2018, the Company granted approximately 53,000 restricted stock units with a weighted average grant date fair value of $6.04 per restricted stock unit. No restricted stock units were granted during either of the three months ended June 30, 2019 or 2018.
2019 Annual Meeting of Stockholders [Member]
Stock option granted terms description			Stock options granted under the 2019 Plan may either be incentive stock options or nonqualified stock options, have a term of up to ten years, and are exercisable at a price per share-based awards and expires not less than the fair market value on the date of grant.
2019 Annual Meeting of Stockholders [Member] | Maximum [Member]
Number of option available for grants	240,000		240,000
2019 Performance Incentive Plan [Member]
Stock option to purchase common stock, granted			2,000
Amended 2010 Plan [Member]
Stock options to purchase shares of common stock			62,000
Amended 2010 Plan [Member] | Restricted Stock Units [Member]
Stock options to purchase shares of common stock			87,000
2014 Inducement Plan [Member] | New Employee [Member]
Share-based awards, expiration date			Sep. 30, 2024
2014 Inducement Plan [Member] | Maximum [Member] | New Employee [Member]
Number of option available for grants	85,000		85,000

Shareholders' Equity - Schedule

Shareholders' Equity - Schedule of Weighted Average Assumptions (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Shareholders' Equity
Weighted average risk-free rate	1.82%	2.88%	1.82%	2.88%
Weighted average volatility	113.98%	113.09%	113.98%	113.09%
Dividend yield	0.00%	0.00%	0.00%	0.00%
Expected term	5 years 9 months 11 days	7 years 2 months 27 days	5 years 9 months 11 days	7 years 2 months 27 days

Debt (Details Narrative)

Debt (Details Narrative) - USD ($) $ in Thousands	1 Months Ended
	Sep. 30, 2018	Jun. 30, 2019	Dec. 31, 2018
Long term debt current portion		$ 1,083	$ 1,000
Loan and Security Agreement [Member]
Term of the loan	48 months
Term loan	$ 4,000	3,333
Debt instrument monthly principal payments	83
Long term debt current portion		1,083
Remaining outstanding amount of loan		2,250
Debt issuance costs	23	$ 15
Facility fee	20
Minimum EBITDA	1,000
Aggregate amount of unrestricted cash to be maintained	$ 2,000

Leases (Details Narrative)

Leases (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jan. 02, 2019
Initial measurement of operating lease liabilities					$ 3,458
Net of tenant improvement allowances					$ 2,336
Operating leases weighted-average remaining lease term	6 years 8 months 12 days		6 years 8 months 12 days
Operating leases weighted-average discount rate lease	7.25%		7.25%
Financing leases weighted-average remaining lease term	2 years 2 months 12 days		2 years 2 months 12 days
Financing leases weighted-average discount rate lease	5.51%		5.51%
Financing lease cost	$ 10	$ 48	$ 32	$ 95
Selling, General and Administrative Expenses [Member]
Operating lease expense	$ 135	$ 131	$ 270	$ 264

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Right-of-use Assets and Liabilities (Details) - USD ($) $ in Thousands	Jan. 02, 2019	Jun. 30, 2019
Leases [Abstract]
Initial measurement at January 1, 2019	$ 3,458
Less tenant improvement allowance	(1,122)
Net right-of-use assets at January 1, 2019		$ 2,336
Initial measurement of new operating lease right-of-use-assets		53
Less amortization of operating lease right-of-use assets		(144)
Operating lease right-of-use assets at June 30, 2019		2,245
Initial measurement at January 1, 2019	3,458
Initial measurement of new operating lease liabilities	53
Less principal payments on operating lease liabilities	$ (58)	(28)
Operating lease liabilities at June 30, 2019		3,453
Less non-current portion		(3,090)
Current portion at June 30, 2019		$ 363

Leases - Schedule of Maturities

Leases - Schedule of Maturities Operating Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 27, 2018
Leases [Abstract]
2019	$ 279
2020	633
2021	620
2022	634
2023	655
Thereafter	1,601
Total operating lease payments	4,422
Less imputed interest	(969)
Present value of operating lease liabilities	$ 3,453	$ 3,458

Leases - Schedule of Financing

Leases - Schedule of Financing Lease Right-of-use Assets and Liabilities (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Leases [Abstract]
Initial measurement at January 1, 2019	$ 80
Less depreciation of financing lease right-of-use assets	(28)
Financing lease right-of-use assets at June 31, 2019	52
Initial measurement at January 1, 2019	86
Less principal payments on financing lease liabilities	(30)
Financing lease liabilities as of March 31, 2019	56
Less non-current portion	(31)
Current portion at March 31, 2019	$ 25

Leases - Schedule of Maturiti_2

Leases - Schedule of Maturities Financing Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Leases [Abstract]
2019	$ 16
2020	23
2021	21
Total financing lease payments	60
Less imputed interest	(4)
Present value of financing lease liabilities	$ 56	$ 86

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Shareholders' Equity
Accumulated foreign currency translation adjustments	$ 265	$ 200