Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.21.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Summary of Quantitative Information About Operating Leases

The following summarizes quantitative information about our operating leases (amounts in thousands):

 

    For the Year Ended December 31, 2020  
Operating leases        
Operating lease cost   $ 11  
Variable lease cost     1  
Operating lease expense     12  
Short-term lease rent expense     -  
Total rent expense   $ 12  

 

    For the Year Ended December 31, 2020  
Operating cash flows used in operating leases   $ (11 )
Right-of-use assets obtained in exchange for operating lease liabilities   $ 4,740  
Weighted-average remaining lease term – operating leases (in years)     10.3  
Weighted-average discount rate – operating leases     10.00 %
Schedule of Maturity of Operating Leases

Maturities of the Company’s operating leases, excluding short-term leases, are as follows (amounts in thousands):

 

Year Ended December 31, 2021   $ 357  
Year Ended December 31, 2022     774  
Year Ended December 31, 2023     738  
Year Ended December 31, 2024     747  
Year Ended December 31, 2025     768  
Thereafter     4,659  
Total     8,043  
Less present value discount     (3,312 )
Operating lease liabilities   $ 4,731