Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses and Other Current Assets

v3.20.2
Prepaid Expenses and Other Current Assets
 6 Months Ended
Jun. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid Expenses and Other Current Assets
NOTE 2 — PREPAID EXPENSES AND OTHER CURRENT ASSETS
        The components of prepaid expenses and other current assets consist of the following (in thousands):
June 30, 2020 December 31, 2019
Prepaid expenses $ 1,232    $ 1,234   
Advances and deposits 7,122    364   
Tradable equity securities —    5,069   
Derivative asset (Note 6) 1,884    3,121   
Other current assets 218    1,510   
Total prepaid expenses and other current assets $ 10,456    $ 11,298   
Advances and Deposits
We advanced approximately $6.9 million to an unrelated third-party in connection with the purchase of an LNG cargo. See Note 10, Commitments and Contingencies, for further information regarding this purchase.