Mustang Bio, Inc. Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

9 Months Ended

Sep. 30, 2019

The following summarizes quantitative information about the Company’s operating leases:


	For the Nine
	Months Ended
($ in thousands)	September 30, 2019
Operating cash flows from operating leases	$	52
Weighted-average remaining lease term – operating leases		4.5
Weighted-average discount rate – operating leases		8.96	%

Maturities of our operating leases, excluding short-term leases, are as follows:


($ in thousands)
Three months ended December 31, 2019	$	96
Year ended December 31, 2020		76
Year ended December 31, 2021		467
Year ended December 31, 2022		476
Year ended December 31, 2023		489
Thereafter		1,458
Total		3,062
Less present value discount		(914)
Operating lease liabilities	$	2,148

At December 31, 2018, the total future minimum lease payments under all leases were:


($ in thousands)
2019	$	276
2020		460
2021		467
2022		476
2023		489
Beyond		1,458
Total minimum lease payments	$	3,626