Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.21.1
Leases (Tables)
12 Months Ended
Dec. 31, 2020
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 leases, excluding the Expansion Premises of the amended Bedminster lease which the Company has not taken control of as of December 31, 2020, and finance leases as of December 31, 2020 (in thousands):

 

Maturity of Lease Liabilities   Operating Lease Liabilities     Finance Lease Liabilities  
2021   $ 685     $ 34  
2022     645       19  
2023     677       2  
2024     710       -  
2025     745       -  
Thereafter     1,458       -  
Total undiscounted operating lease payments   $ 4,920     $ 55  
Less: Imputed interest     1,224                 -  
Present value of operating lease liabilities   $ 3,696     $ 55  
                 
Weighted average remaining lease term in years     6.7       1.7  
Weighted average discount rate     8.4 %     8.1 %

 

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