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

Leases (Tables)

6 Months Ended

Jun. 30, 2019

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


	For the Six
	Months Ended
($ in thousands)	June 30, 2019
Operating cash flows from operating leases	$	120
Right of use assets exchanged for operating lease liabilities	$	2,047
Weighted-average remaining lease term – operating leases		5.0
Weighted-average discount rate – operating leases		8.96	%

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


($ in thousands)
Six months ended December 31, 2019	$	(338)
Year ended December 31, 2020		461
Year ended December 31, 2021		467
Year ended December 31, 2022		476
Year ended December 31, 2023		489
Thereafter		1,458
Total		3,013
Less present value discount		(994)
Operating lease liabilities	$	2,019

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