Annual report pursuant to Section 13 and 15(d)

Lease Commitment (Tables)

v3.20.4
Lease Commitment (Tables)
12 Months Ended
Dec. 31, 2020
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 (tables in thousands):

 

    Year Ended
December 31, 2020
 
Lease Cost        
Operating lease cost (included in operating expenses in the Company’s consolidated statement of operations)   $ 228  
         
Other Information        
Cash paid for amounts included in the measurement of lease liabilities   $         227  
Weighted average remaining lease term – operating leases (in years)     2.9  
Average discount rate – operating leases     8.0 %
Schedule of Supplemental Balance Sheet Information

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

 

    At December 31,
2020
    At December 31,
2019
 
Operating leases                
Long-term right-of-use assets of which $39 relates to related party, net of amortization of $335   $       498     $       677  
                 
Short-term operating lease liabilities, of which $39 relates to related party     178       .177  
Long-term operating lease liabilities, of which $0 relates to related party     345       523  
Total operating lease liabilities   $ 523     $ 700  
Schedule of Maturities of Lease Liabilities
Year ending December 31,   (in thousands)  
2019   $ -  
2020     -  
2021     213  
2022                178  
2023 and thereafter     198  
Total minimum operating lease payments   $ 589  
Less: present value discount     (66 )
Total operating lease liabilities     523  
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)  
2020   $ -  
2021                      44  
2022     29  
2023 and thereafter     7  
Total minimum capital lease payments   $ 80