Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.20.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Operating Leases

The following summarizes quantitative information about the Company’s operating leases (dollars in thousands):

 

Lease cost   Three Months Ended March 31, 2020
Operating lease cost   $ 657  
Variable lease cost     653  
Operating lease expense     1,310  
Short-term lease rent expense     5  
Total rent expense   $ 1,315  
         
Other information        
Operating cash flows from operating leases   $ 584  
Right of use assets exchanged for new operating lease liabilities   $ 558  
Weighted-average remaining lease term – operating leases     0.4 years  
Weighted-average discount rate – operating leases     10.00 %
Schedule of Maturities of Operating Lease Liabilities

Maturities of the Company’s operating lease liabilities, are as follows (unaudited) (in thousands):

 

For the nine months ended December 31, 2020   $ 329  
For the year ended December 31, 2021     35  
Total   $ 364  
Less present value discount     (9 )
Operating lease liabilities   $ 356