Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

9 Months Ended

Sep. 30, 2021

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

Schedule of Components of Lease Cost


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020

Operating Leases:
Lease cost	$	115	$	114	$	341	$	342

Finance Leases:
Amortization of ROU assets		53		109		170		161
Interest on lease liability		50		47		85		97
Finance Leases		103		156		255		258

Short-term lease rent expense		4		3		10		7

Total lease cost	$	222	$	273	$	606	$	607

Schedule of Weighted Average Lease

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

Schedule of Weighted Average Lease

	Operating Leases			Finance Leases
Weighted average remaining lease terms (years)		7.1			2.6

Weighted average discount rate		7.6	%		4.6	%

Schedule of Supplemental Cash Flow and Other Information Related to Leases

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

	Operating Leases			Finance Leases
2021 (Remaining)	$	132		$	64
2022		576			271
2023		560			150
2024		420			146
2025		327			146
2025 and thereafter		1,260			341
Total undiscounted lease payments		3,275			1,118
Less: Imputed interest		(754	)		(85	)
Present value of lease payments	$	2,521		$	1,033

Current portion of operating lease obligations	$	387		$	—
Long-term operating lease obligations, less current portion	$	2,134		$	—
Current portion of finance lease obligations	$	—		$	257
Long-term finance lease obligations, less current portion	$	—		$	776

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


	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2021			2020		2021			2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow used in operating leases	$	103		$	111	$	307		$	331
Operating cash flow used in finance leases	$	50		$	47	$	85		$	97
Financing cash flow used in finance leases	$	76		$	182	$	281		$	411

ROU assets obtained in exchange for lease obligations for:
Finance liabilities	$	323		$	751	$	323		$	874
Operating liabilities	$	184			—	$	350		$	—

Reduction to ROU assets resulting from reassessment for:
Finance liabilities	$	(364	)	$	—	$	(364	)	$	—

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 nine months ended September 30, 2021 and 2020 (in thousands):


	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2021			2020		2021			2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow used in operating leases	$	103		$	111	$	307		$	331
Operating cash flow used in finance leases	$	50		$	47	$	85		$	97
Financing cash flow used in finance leases	$	76		$	182	$	281		$	411

ROU assets obtained in exchange for lease obligations for:
Finance liabilities	$	323		$	751	$	323		$	874
Operating liabilities	$	184			—	$	350		$	—

Reduction to ROU assets resulting from reassessment for:
Finance liabilities	$	(364	)	$	—	$	(364	)	$	—