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Leases (Tables)
6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Schedule of Supplemental Cash Flow Information Related to Lease Liabilities

Supplemental cash flow information related to the Company’s lease liabilities are included in the table below:

 

For the Six Months Ended

 

 

June 30,

 

 

2021

 

 

2020

 

 

(In thousands)

 

Non-cash amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

Operating cash flows from operating leases

$

729

 

 

$

877

 

Schedule of Right-of-Use Assets and Lease Liabilities

The following table presents the Company’s right-of-use assets and lease liabilities for the period presented:

 

June 30,

 

 

December 31,

 

 

2021

 

 

2020

 

 

(In thousands)

 

Right-of-use asset

$

1,771

 

 

$

2,500

 

 

 

 

 

 

 

 

 

Lease liabilities:

 

 

 

 

 

 

 

Current lease liability

 

1,480

 

 

 

2,258

 

Long-term lease liability

 

301

 

 

 

266

 

Total lease liability

$

1,781

 

 

$

2,524

 

Schedule of Maturity Analysis of Minimum Lease Payment Obligation Under Non-cancellable Operating Leases

The following table reflects the Company’s maturity analysis of the minimum lease payment obligations under non-cancelable operating leases with a remaining term in excess of one year (in thousands):

 

Office leases

 

 

Leased vehicles and office equipment

 

 

Total

 

Remaining 2021

$

816

 

 

$

370

 

 

$

1,186

 

2022

 

140

 

 

 

290

 

 

 

430

 

2023

 

 

 

 

195

 

 

 

195

 

2024 and thereafter

 

 

 

 

14

 

 

 

14

 

Total lease payments

 

956

 

 

 

869

 

 

 

1,825

 

Less: interest

 

16

 

 

 

28

 

 

 

44

 

Present value of lease liabilities

$

940

 

 

$

841

 

 

$

1,781

 

Schedule of Weighted Average Remaining Lease Terms and Discount Rate of Operating Leases

The weighted average remaining lease terms and discount rate for all of our operating leases for the period presented:

 

 

June 30,

 

 

2021

 

 

2020

 

Weighted average remaining lease term (years):

 

 

 

 

 

 

 

Office leases

 

0.30

 

 

 

1.10

 

Vehicles

 

0.77

 

 

 

0.53

 

Office equipment

 

0.02

 

 

 

0.06

 

Weighted average discount rate:

 

 

 

 

 

 

 

Office leases

 

2.57

%

 

 

3.49

%

Vehicles

 

1.57

%

 

 

0.94

%

Office equipment

 

0.14

%

 

 

0.17

%