Annual report pursuant to Section 13 and 15(d)

Lease Agreements (Tables)

v3.20.4
Lease Agreements (Tables)
12 Months Ended
Dec. 31, 2020
Lease Agreements  
Schedule of maturity of operating lease liabilities

The following table summarizes maturity of the Company’s operating lease liabilities as of December 31, 2020 (in thousands):

Operating

Undiscounted lease payments

    

Leases

2021

$

196

2022

 

202

2023

 

34

Thereafter

 

Total undiscounted lease payments

 

432

Present value adjustment

 

(24)

Total net lease liabilities

 

$

408

Schedule of cost components of operating leases

The following table summarizes the cost components of the Company’s operating leases for the year ended December 31, 2020 and 2019 (in thousands):

    

Year Ended December 31, 

    

2020

    

2019

Lease costs:

Operating lease cost

$

177

 

$

2,300

Variable lease cost (1)

7

 

1,700

Total lease costs

$

184

$

4,000

(1)Variable lease payments include non-lease components such as common area maintenance fees.
Summary of supplemental cash flow information related to operating leases

The following information represents supplemental disclosure for the statement of cash flows related to operating leases (in thousands):

    

Year Ended December 31, 

    

2020

2019

Cash paid for amounts included in the measurement of lease liabilities

 

 

Operating cash flows under operating leases

$

189

$

2,629

Schedule of present value assumptions used in calculating the present value of lease payments

    

December 31, 

December 31, 

    

2020

2019

Weighted-average remaining lease term

Operating leases

2.17 years

3.17 years

Weighted-average discount rate

Operating leases

5.51

%

5.51

%