LEASES

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

LEASES

The Company adopted ASU 2016-02, Leases (Topic 842) on January 1, 2019 using the modified retrospective approach. The Company has elected not to apply ASC Topic 842 to arrangements with lease terms of 12 months or less.

Amortization of Right of Use operating lease assets was $25 and $30 for the three months ended March 31, 2021 and 2020, respectively.

Operating lease expense for capitalized operating leases included in operating activities was $28 and $31 for the three months ended March 31, 2021 and 2020, respectively. Operating lease obligations recorded on the balance sheet at March 31, 2021 are:

Operating lease liability- short term	$	91
Operating lease liability - long term		32
Total Operating Lease Liability	$	123

Future lease payments included in the measurement of lease liabilities on the balance sheet at March 31, 2021 for future periods are as follows:

2021 (9 months)		72
2022		57
Total future minimum lease payments		129
Less imputed interest		(6	)
Total	$	123

The weighted average remaining lease term is 1.33 years and the weighted average discount rate is 7.0%.

The Company does not have any finance leases.