Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.2
Leases (Tables)
9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Information related to Right-of-use Assets and Liabilities

Information related to the Company’s right-of-use assets and related liabilities were as follows (in thousands):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Cash paid for operating lease liabilities

$

62

 

 

$

87

 

 

$

185

 

 

$

417

 

Right-of-use assets obtained in exchange for new operating
   lease obligations

$

-

 

 

$

1,440

 

 

 

48

 

 

$

2,037

 

Weighted-average remaining lease term

3.8 years

 

 

4.9 years

 

 

3.8 years

 

 

5.2 years

 

Weighted-average discount rate

 

12.3

%

 

 

12.3

%

 

 

12.3

%

 

 

12.3

%

 

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of September 30, 2021 for leases that have commenced are as follows (in thousands):

 

 

 

September 30,

 

2022

 

$

624

 

2023

 

 

621

 

2024

 

 

613

 

2025

 

 

519

 

2026 and thereafter

 

 

121

 

Total future minimum lease obligations

 

 

2,498

 

Less imputed interest

 

 

(537

)

Total lease liabilities

 

$

1,961

 

 

 

 

 

Current operating lease liabilities, included in
   accrued liabilities

 

$

404

 

Non current lease liabilities

 

 

1,557

 

Total lease liabilities

 

$

1,961

 

Future minimum rental commitments under lease agreements with non-cancelable Operating Leases

Future minimum rental commitments under lease agreements, as of September 30, 2021, with non-cancelable terms greater than one year for each of the years ending December 31 are as follows (in thousands):

 

 

 

 

Year Ended

 

 

 

 

December 31,

 

Remainder of 2021

 

 

$

166

 

2022

 

 

 

610

 

2023

 

 

 

624

 

2024

 

 

 

609

 

2025 and thereafter

 

 

 

489

 

Total future minimum lease obligations

 

 

 

2,498

 

Less imputed interest

 

 

 

(537

)

Total lease liabilities

 

 

$

1,961