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OPERATING LEASES (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Summary of Total Operating Lease Expenses

 

 

 

For the year ended

December 31,

2020

 

 

For the year ended

December 31,

2019

 

 

 

(in thousands)

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

Operating cash flows used in operating leases

 

$

1,337

 

 

$

1,790

 

Right-of-use assets obtained in exchange the new lease obligations:

 

 

 

 

 

 

 

 

Operating leases

 

$

1,183

 

 

$

2,860

 

Weighted average remaining lease term

 

 

 

 

 

 

 

 

Operating leases

 

1.3 years

 

 

1.9 years

 

Weighted average discount rate

 

 

 

 

 

 

 

 

Operating leases

 

 

4.53

%

 

 

4.38

%

 

Summary of Maturities of Lease liabilities

Maturities of lease liabilities as of December 31, 2020 are as follows:

 

 

 

Amount

 

 

 

(in thousands)

 

2021

 

$

1,263

 

2022

 

 

182

 

2023

 

 

82

 

2024

 

 

 

2025

 

 

 

Thereafter

 

 

 

Total future lease payments

 

 

1,527

 

Less: Imputed interest

 

 

54

 

Total lease liability balance

 

$

1,473