Annual report pursuant to Section 13 and 15(d)

Lease Commitments (Tables)

v3.21.1
Lease Commitments (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Components of lease expense and supplemental information
The components of operating and finance lease expense were as follows for the years ended December 31, 2020 and 2019 for continuing operations (in thousands):
2020 2019
Finance lease cost:
Amortization of right-of use assets
$ 56  $ 35 
Interest on lease liabilities
10  13 
Operating lease cost 318  220 
Short-term lease cost 129  109 
Variable lease cost 60  55 
$ 573  $ 432 
Supplemental cash flow related to operating and finance leases of the Company's continuing operations was as follows for the year ended December 31, 2020 and 2019 (in thousands):

2020 2019
Cash paid amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases $ 318  $ 220 
 Financing cash flows used for finance leases $ 94  $ 72 
Other supplemental information related to operating and finance leases of the Company's continuing operations was as follows at December 31, 2020 and 2019:
2020 2019
Weighted average remaining lease term (in years):
Operating leases 1.15 0.99
Finance leases 3.13 3.35
Weighted average discount rate:
Operating leases 7.25  % 7.98  %
Finance leases 8.18  % 8.21  %
Schedule of future estimated minimum lease payments under operating leases
Minimum future lease payments under all finance and operating leases as of December 31, 2020 are as follows (in thousands):
 
Finance
Leases
Operating
Leases
Total
December 31,
2021 $ 41  $ 234  $ 275 
2022 35  31  66 
2023 36  39 
2024 — 
Total minimum lease payments 121  268  389 
Less amount representing interest 14  13  27 
Present value of net minimum obligations 107  255  362 
Less current obligation under finance and operating leases 35  223  258 
Long-term obligation under finance and operating leases $ 72  $ 32  $ 104 
Schedule of future estimated minimum lease payments under finance leases
Minimum future lease payments under all finance and operating leases as of December 31, 2020 are as follows (in thousands):
 
Finance
Leases
Operating
Leases
Total
December 31,
2021 $ 41  $ 234  $ 275 
2022 35  31  66 
2023 36  39 
2024 — 
Total minimum lease payments 121  268  389 
Less amount representing interest 14  13  27 
Present value of net minimum obligations 107  255  362 
Less current obligation under finance and operating leases 35  223  258 
Long-term obligation under finance and operating leases $ 72  $ 32  $ 104