Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.1
Leases (Tables)
3 Months Ended
Mar. 31, 2020
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 March 31, 2020 ($ in thousands):

 

 

 

 

 

 

 

Operating Lease

Maturity of Lease Liability

 

Liability

2020

    

$

155

2021

 

 

207

2022

 

 

207

2023

 

 

208

Thereafter

 

 

432

Total undiscounted operating lease payments

 

$

1,209

Less: Imputed interest

 

 

(319)

Present value of operating lease liability

 

$

890

 

 

 

 

 

Weighted average remaining lease term

    

5.8 years

 

Weighted average discount rate

 

11.0

%