LEASES (Tables)

12 Months Ended

Dec. 31, 2019

LEASES

Schedule of quantitative information about operating leases

	For the Year Ended
	December 31, 2019
Operating lease expense summary:
Operating lease expense	$	220,000
Short-term lease expense		100,000
Variable lease expense		90,000
Total	$	410,000
Other information:
Operating cash flows from operating leases for the twelve months ended December 31, 2019	$	225,000
Right of use assets exchanged for new operating lease liabilities as of adoption date	$	670,000
Weighted-average remaining lease term as of December 31, 2019 – operating leases		1.6
Weighted-average discount rate as of adoption date – operating leases		6.8	%

Schedule of maturities of operating leases

Year ended December 31, 2020	$	231,000
Year ended December 31, 2021		226,000
Year ended December 31, 2022		68,000
Total	$	525,000
Less present value discount		(41,000)
Operating lease liabilities included in the Consolidated Balance Sheet at December 31, 2019	$	484,000