Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

Leases (Tables)

12 Months Ended

Dec. 31, 2020

The components of lease cost for the Company’s leases were as follows (in thousands):

	Twelve Months Ended December 31,
	2020		2019

Operating Leases:
Lease cost	$	456	$	456

Finance Leases:
Amortization of ROU assets		220		63
Interest on lease liability		143		63
		363		126

Short-term lease rent expense		15		43

Total lease cost	$	834	$	625

Schedule of Weighted Average Lease

The weighted average remaining lease term and the weighted average discount rate for operating and finance leases at December 31, 2020 was:

	Operating Leases			Finance Leases
Weighted average remaining lease terms (years)		8.0			3.5

Weighted average discount rate		8.0	%		7.3	%

Schedule of Operating Lease Liability Maturity

The weighted average remaining lease term and the weighted average discount rate for operating and finance leases at December 31, 2019 was:

	Operating Leases			Finance Leases
Weighted average remaining lease terms (years)		8.8			2.0

Weighted average discount rate		8.0	%		9.3	%

Schedule of Finance Lease Liability Maturity

The following table reconciles the undiscounted cash flows for the operating and finance leases at December 31, 2020 to the operating and finance lease liabilities recorded on the balance sheet (in thousands):

	Operating Leases			Finance Leases
2021	$	450		$	587
2022		458			271
2023		466			150
2024		342			146
2025		304			146
2025 and thereafter		1,154			18
Total undiscounted lease payments		3,174			1,318
Less: Imputed interest		(831	)		(131	)
Present value of lease payments	$	2,343		$	1,187

Current portion of operating lease obligations	$	273		$	—
Long-term operating lease obligations, less current portion	$	2,070		$	—
Current portion of finance lease obligations	$	—		$	525
Long-term finance lease obligations, less current portion	$	—		$	662

Schedule of Supplemental Cash Flow and Other Information Related to Leases

Supplemental cash flow and other information related to our leases were as follows (in thousands):

	Twelve Months Ended December 31,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating leases	$	442	$	434
Operating cash flow from finance leases	$	143	$	63
Financing cash flow from finance leases	$	615	$	272

ROU assets obtained in exchange for lease obligations for:
Finance liabilities	$	874	$	893
Operating liabilities	$	—	$	182