Annual report pursuant to Section 13 and 15(d)

PREPAID EXPENSES AND OTHER CURRENT ASSETS

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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