Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.1
Leases (Tables)
3 Months Ended
Mar. 31, 2021
ASU 2016-02 Transition [Abstract]  
Schedule of components of lease expense
    Three months ended  
(in thousands)   March 31,
2021
    March 31,
2020
 
Operating lease expense   $ 93     $ 93  
                 
Finance lease cost                
Amortization of right-to-use assets   $ 20     $ 20  
Interest on lease liabilities   $ 3     $ 4  
Total finance lease cost   $ 23     $ 24  
Schedule of supplemental cash flow information related to leases
Cash flow information:   Three months ended  
(in thousands)   March 31,
2021
    March 31,
2020
 
             
Cash paid for amounts included in the measurement of lease liabilities:            
Operating cash flow use from operating leases   $ 94     $ 94  
Operating cash flow use from finance leases   $ 3     $ 4  
Financing cash flow use from finance leases   $ 21     $ 19  
                 
Non-cash activity:                
                 
Right-of-use assets obtained in exchange for lease obligations:                
Operating leases   $ -     $ 83  
Finance Leases   $ -     $ -  
Schedule of weighted average remaining lease terms
Weighted average remaining lease term:    
Operating leases   1.4 years
Finance Leases   1.5 years
Schedule of weighted average discount rates
Weighted average discount rates:      
Operating leases     8 %
Finance Leases     8 %
Schedule of maturities of lease liabilities
(in thousands)            
             
Year ending December 31,   Operating Leases     Finance Leases  
2021 (excluding three months ended March 31, 2021)   $ 282     $ 71  
2022     252       64  
2023     -       4  
Total lease payments   $ 534     $ 139  
Less imputed interest     (30 )     (9 )
Present value of lease liabilities   $ 504     $ 130