Annual report pursuant to Section 13 and 15(d)

Lease Commitment (Tables)

v3.20.1
Lease Commitment (Tables)
12 Months Ended
Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Components of Rent Expense and Supplemental Cash Flow Information

The components of rent expense and supplemental cash flow information related to leases for the period are as follows (in thousands):

 

    Year Ended
December 31, 2019
 
Lease Cost        
Operating lease cost (included in operating expenses in the Company’s consolidated statement of operations)   $ 214  
         
Other Information        
Cash paid for amounts included in the measurement of lease liabilities   $ 211  
Weighted average remaining lease term – operating leases (in years)     3.8  
Average discount rate – operating leases     8 %

Schedule of Supplemental Balance Sheet Information

The supplemental balance sheet information related to leases for the period is as follows (in thousands):

 

    At December 31, 2019  
Operating leases        
Long-term right-of-use assets of which $40 relates to related party, net of amortization of $156   $ 677  
         
Short-term operating lease liabilities, of which $59 relates to related party     177  
Long-term operating lease liabilities, of which $40 relates to related party     523  
Total operating lease liabilities   $ 700  

Schedule of Maturities of Lease Liabilities

Year ending December 31,   (in thousands)
2019   $ -
2020     226
2021     213
2022     178
2023 and thereafter     198
Total minimum operating lease payments   $ 815
Less: present value discount     (115
Total operating lease liabilities     700

Schedule of Maturities of Finance Lease

Future minimum finance lease payments, by year and in aggregate, are as follows:

 

Year ending December 31,   (in thousands)  
2019   $ -  
2020     103  
2021     14  
Total minimum capital lease payments   $ 121