LEASES (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Right of use assets and lease liabilities

The Company’s ROU assets and operating lease liabilities were included in the consolidated balance sheets as follows (in thousands):

	September 30, 2020		December 31, 2019
Right of use assets:
Right of use assets - current	$	-	$	-
Right of use assets - long-term	$	586	$	1,722
Total right of use assets	$	586	$	1,722
Lease liabilities:
Lease liabilities - current	$	171	$	412
Lease liabilities - long-term	$	325	$	1,323
Total lease liabilities	$	496	$	1,735

⁽¹⁾ Right of use assets - long-term are included in other assets on the consolidated balance sheets.

⁽²⁾ Lease liabilities - current are included in accrued liabilities and other on the consolidated balance sheets.

⁽³⁾ Lease liabilities - long-term are included in long-term lease liabilities on the consolidated balance sheets.

Components of lease costs and other information

The components of lease cost were classified as follows (in thousands):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2020			2019		2020			2019
Fixed lease costs	$	76		$	1,249	$	519		$	4,085
Short-term lease costs		47			120		382			329
Variable lease costs		12			508		180			626
Sublease income		(4	)		-		(49	)		-
Total lease costs	$	131		$	1,877	$	1,032		$	5,040

Lease Cost included in the Consolidated Financial Statements
Production costs	$	622
General and administrative		459
Total lease costs expensed		1,081
Sublease income		(49	)
Total lease costs	$	1,032

During the nine months ended September 30, 2020, the following cash activities were associated with the Company’s leases as follows (in thousands):

Cash paid for amounts included in the measurement of operating lease liabilities:
Operating cash flows from operating leases	$	906
Investing cash flows from operating leases	$	—

As of September 30, 2020, the weighted average lease term and discount rate related to the Company’s remaining leases were as follows:

Lease term and discount rate
Weighted-average remaining lease term (years)	2.83
Weighted-average discount rate	6.69	%

Minimum future payments for long-term operating leases under scope of ASC 842

As of September 30, 2020, minimum future payments, including imputed interest, for long-term operating leases under the scope of ASC Topic 842, “Leases”, were as follows (in thousands):

Year	Amount
2020	$	50
2021		187
2022		193
2023		124
2024		-
Total		554
Less: the effects of discounting		(58	)
Present value of lease liabilities	$	496