Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.20.1
Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases  
Schedule of future minimum lease payments, excluding expense reimbursements, under noncancelable operating leases

The following table presents information about the amount and timing of the liability arising from the Company’s operating lease as of December 31, 2019 ($ in thousands):

 

 

 

 

 

 

 

    

Operating Lease 

 

Maturity of Lease Liability

 

Liability

 

2020

 

$

207

 

2021

 

 

207

 

2022

 

 

207

 

2023

 

 

207

 

2024

 

 

207

 

Thereafter

 

$

226

 

Total undiscounted operating lease payments

 

$

1,261

 

Less: Imputed interest

 

 

(344)

 

Present value of operating lease liability

 

$

917

 

Weighted average remaining lease term

 

 

6.0

years

Weighted average discount rate

 

 

11.0

%

 

Schedule of Summary of supplemental cash flows information related to leases

Supplemental cash flows information related to leases was as follows ($ in thousands):

 

 

 

 

 

 

    

December 31,

 

 

2019

Cash paid for amounts included in the measurement of lease liability:

 

 

  

Operating cash flows from operating lease

 

$

207

 

 

 

 

Right-of-use asset obtained in exchange for lease obligation:

 

 

  

Operating lease

 

$

917