Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

6 Months Ended

Jun. 30, 2021

The components of lease cost for the Company’s leases for the three and six months ended June 30, 2021 and 2020 were as follows (in thousands):

Schedule of Components of Lease Cost


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020

Operating Leases:
Lease cost	$	115	$	114	$	226	$	228

Finance Leases:
Amortization of ROU assets		58		26		117		52
Interest on lease liability		18		29		37		50
Finance Leases		76		55		154		102

Short-term lease rent expense		3		1		6		4

Total lease cost		194		170		386		334

Schedule of Weighted Average Lease

The weighted average remaining lease term and the weighted average discount rate for operating and finance leases at June 30, 2021 were:

Schedule of Weighted Average Lease

	Operating Leases			Finance Leases
Weighted average remaining lease terms (years)		7.6			3.2

Weighted average discount rate		7.7	%		6.2	%

Schedule of Operating and Finance Lease Liability Maturity

The following table reconciles the undiscounted cash flows for the operating and finance leases at June 30, 2021 to the operating and finance lease liabilities recorded on the balance sheet (in thousands):

	Operating Leases			Finance Leases
2021 (Remaining)	$	211		$	353
2022		478			271
2023		486			150
2024		419			146
2025		327			146
2025 and thereafter		1,260			18
Total undiscounted lease payments		3,181			1,084
Less: Imputed interest		(787	)		(96	)
Present value of lease payments	$	2,394		$	988


Current portion of operating lease obligations	$	275	$	—
Long-term operating lease obligations, less current portion	$	2,119	$	—
Current portion of finance lease obligations	$	—	$	433
Long-term finance lease obligations, less current portion	$	—	$	555

Schedule of Supplemental Cash Flow and Other Information Related to Leases

Supplemental cash flow and other information related to our leases were as follows for the three and six months ended June 30, 2021 and 2020 (in thousands):


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow used in operating leases	$	103	$	110	$	204	$	220
Operating cash flow used in finance leases	$	18	$	29	$	37	$	50
Financing cash flow used in finance leases	$	91	$	128	$	205	$	229

ROU assets obtained in exchange for lease obligations for:
Finance liabilities	$	—	$	41	$	—	$	123
Operating liabilities	$	166		—		166		—