Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.1
Leases (Tables)
3 Months Ended
Mar. 31, 2021
Leases  
Schedule of Components of Operating and Finance Lease Expense

The components of operating and finance lease expense for the three-month periods ended March 31, are as follows:

 

    2021     2020  
Operating lease cost   $ 107     $ 148  
Finance lease cost:                
Depreciation of ROU assets      -       18  
Interest on lease liabilities     -       2  
Total finance lease cost     -       20  
Variable lease costs     -       -  
Short-term lease costs     -       -  
Total lease cost   $ 107     $ 168  

Schedule of Amounts Reported in the Consolidated Balance Sheet

Amounts reported in the consolidated balance sheet as of March 31, 2021 and December 31, 2020 are as follows:

 

    2021     2020  
Operating leases:                
Operating lease ROU assets, net   $ 1,170     $ 1,095  
Operating lease current liabilities     647       486  
Operating lease long-term liabilities     548       627  
Total operating lease liabilities     1,195       1,113  
Finance Leases:                
Equipment     176      

289

 
Accumulated depreciation     -       289  
Finance leases, net     176       -  
Current installment obligations under finance leases     31       -  
Long-term portion of obligations under finance leases     74       -   
Total finance lease liabilities   $ 105     $ -  
Schedule of Cash Flow Supplemental Information

Other information related to leases for the three-month periods ended March 31, are as follows:

 

    2021     2020  
Supplemental cash flow information:                
Cash paid for amounts included in the measurement of lease liabilities:                
Operating cash flow from operating leases   $ 117     $ 122  
Financing cash flow from finance leases     -       19  
ROU assets obtained in exchange for lease obligations:                
Operating leases   $ 198     $ -  
Finance leases     176       -  
Weighted average remaining lease term:                
Operating leases     5.65 years       2.18 years  
Finance leases     -       1 year  
Weighted average discount rate:                
Operating leases   9.6%     10%
Finance leases     8.1%       10%
Schedule of Annual Payments of Lease Liabilities Under Noncancelable Leases

Annual payments of lease liabilities under noncancelable leases as of March 31, 2021 are as follows:

 

      2021  
      Operating leases  
Remainder of 2021     $ 610  
2022       229  
2023       130  
2024       128  
2025       131  
Thereafter       213  
Total undiscounted lease payments       1,441  
Less: Imputed interest       246  
Total lease liabilities     $ 1,195