Annual report pursuant to Section 13 and 15(d)

PREPAID EXPENSES AND OTHER CURRENT ASSETS

v3.19.3.a.u2
PREPAID EXPENSES AND OTHER CURRENT ASSETS
12 Months Ended
Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
PREPAID EXPENSES AND OTHER CURRENT ASSETS
NOTE 3 — PREPAID EXPENSES AND OTHER CURRENT ASSETS
The components of prepaid expenses and other current assets consist of the following (in thousands):
 
December 31,
 
2019
 
2018
Prepaid expenses
$
1,234

 
$
2,279

Deposits
364

 
1,336

Future proceeds from sale of Magellan Petroleum UK (Note 5)
1,384

 

Tradable equity securities (Note 5)
5,069

 

Derivative asset, net - current (Note 8)
3,121

 

Other current assets
126

 
291

Total prepaid expenses and other current assets
$
11,298

 
$
3,906