Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.20.4
Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Supplemental Balance Sheet Information The following table provides supplemental balance sheet information related to the operating lease ROU asset and lease liabilities:
(in thousands, except for lease term and discount rate) Balance Sheet Classification December 31, 2020 December 31, 2019
Assets
Operating lease right of-use assets Property and equipment, net $ 5,489 $ — 
Total leased assets 5,489 — 
Liabilities
Current
Operating lease liabilities Current maturities of operating lease liabilities 788 — 
Non-current
Operating lease liabilities Operating lease liabilities 7,619 — 
Total lease liabilities $ 8,407 $ — 
Weighted average remaining lease term - operating leases (in years) 10.67 — 
Weighted average discount rate - operating leases 5.2  % — 
Lease, Cost
The following provides a summary of the components of leasing costs and rent for the years ended December 31, 2020 and December 31, 2019:
(in thousands) Consolidated Statement of Operations December 31, 2020 December 31, 2019
Operating lease costs General and administrative $ 909  $ 229 
Short-term lease costs General and administrative 35  68 
Total lease costs $ 944  $ 297 
Cash flow and supplemental information is presented below:
Years ended December 31,
(in thousands) 2020 2019 2018
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases $ 232  $ 114  $ 151 
Operating cash flows used in short-term leases $ 35  $ 68  $ 72 
Lessee, Operating Lease, Liability, Maturity
The following table provides a summary of lease liability maturities for the next five years and thereafter:
(in thousands) Operating Lease Payments
2021 $ 287 
2022 968 
2023 1,061 
2024 1,085 
2025 1,109 
Thereafter 6,773 
Total lease payments 11,283 
Less imputed interest (2,876)
Total $ 8,407