Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.2
Leases (Tables)
9 Months Ended
Sep. 30, 2021
Leases  
Summary of Quantitative Information About Operating Leases

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

 

   

For the Nine Months Ended

September 30, 2021

 
Operating leases        
Operating lease cost   $ 611  
Variable lease cost     -  
Operating lease expense     611  
Short-term lease rent expense     -  
Total rent expense   $ 611  

 

    For the Nine Months Ended September 30, 2021  
Operating cash flows used in operating leases   $ (168 )
Right-of-use assets obtained in exchange for operating lease liabilities   $ -  
Weighted-average remaining lease term – operating leases (in years)     9.7  
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):

 

         
Remaing Months Ended December 31, 2021   $ 190  
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     7,876  
Less present value discount     (2,948 )
Operating lease liabilities   $ 4,928