Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.20.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of Maturity of Operating and Finance Leases Liabilities

The following table presents information about the amount and timing of liabilities arising from the Company’s operating and finance leases as of December 31, 2019 (in thousands):

 

Maturity of Lease Liabilities   Operating Lease Liabilities     Finance Lease Liabilities  
2020   $ 753     $ 60  
2021     685       34  
2022     645       19  
2023     677       2  
2024     710       -  
Thereafter   $ 2,203     $ -  
Total undiscounted operating lease payments   $ 5,673       115  
Less: Imputed interest     1,554     $ 6  
Present value of operating lease liabilities   $ 4,119     $ 109  

 

The following table presents a summary of future minimum lease payments arising from the Company’s operating leases as of December 31, 2018 (in thousands):

 

   

Operating Lease

Liabilities

  
2019   $          713  
2020     738  
2021     663  
2022     616  
2023 and beyond     3,355  
Total future minimum lease payments   $ 6,085  

Schedule of Weighted Average Lease Term and Discount Rate

Weighted average remaining lease term in years     7.5       2.2  
Weighted average discount rate     8.4 %     7.8 %