Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.21.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2021
LEASES  
Schedule of right of use assets

The condensed consolidated balance sheets include the following amounts for right of use (“ROU”) assets as of June 30, 2021 and December 31, 2020 (stated in thousands):

    

June 30, 

December 31, 

2021

    

2020

Operating

 

$

 

$

124

Finance

 

882

 

608

Total

 

$

882

 

$

732

Schedule of components of lease cost

The following are the components of lease cost for operating and finance leases (stated in thousands):

Six Months Ended June 30, 

2021

    

2020

Lease cost:

Operating leases

$

127

$

107

Finance leases:

Amortization of ROU assets

249

248

Interest on lease liabilities

42

33

Total finance lease cost

291

281

Total lease cost

$

418

$

388

Schedule of weighted average lease terms and discount rates for operating and finance leases

As of

As of

    

June 30, 2021

December 31, 2020

Weighted average remaining lease term (years):

Operating leases

 

0.5

Finance leases

 

3.3

3.3

Weighted average discount rate:

Operating leases

 

6.9

Finance leases

 

8.0

7.9

Schedule of future minimum lease payments and related lease liabilities of operating leases

Future minimum lease payments and related lease liabilities as of June 30, 2021 were as follows (stated in thousands):

    

    

    

Total

Operating

Finance

Lease

Leases

Leases

Liabilities

Remainder 2021

$

$

283

$

283

2022

 

 

570

 

570

2023

 

 

258

 

258

2024

204

204

2025

148

148

Thereafter

 

 

23

 

23

Total lease payments

 

 

1,486

 

1,486

Less: imputed interest

 

 

(182)

 

(182)

Present value of lease liabilities

1,304

1,304

Less: current portion of lease liabilities

 

 

568

 

568

Noncurrent lease liabilities

$

$

736

$

736

Schedule of future minimum lease payments and related lease liabilities of financing leases

Future minimum lease payments and related lease liabilities as of June 30, 2021 were as follows (stated in thousands):

    

    

    

Total

Operating

Finance

Lease

Leases

Leases

Liabilities

Remainder 2021

$

$

283

$

283

2022

 

 

570

 

570

2023

 

 

258

 

258

2024

204

204

2025

148

148

Thereafter

 

 

23

 

23

Total lease payments

 

 

1,486

 

1,486

Less: imputed interest

 

 

(182)

 

(182)

Present value of lease liabilities

1,304

1,304

Less: current portion of lease liabilities

 

 

568

 

568

Noncurrent lease liabilities

$

$

736

$

736