The following table presents the lease cost associated with leases for the three and nine months ending September 30, 2021. Total rent expense recorded during the three and nine months ended September 30, 2020 was $16, and $49, respectively. The Company leases its administration and operating facility and six offices under lease agreements with various expirations through March 2031.


Lease cost (In Thousands)	Three Months Ended September 30, 2021		Nine Months Ended September 30, 2021
Amortization of right-of-use asset	$	14	$	43
Interest expense		2		6
Total lease cost	$	16	$	49
Weighted-average remaining term (years)				13.1
Weighted-average discount rate				4.9	%

Certain of the Company’s leases contain options to renew the lease after the initial term. Management considers the Company’s historical pattern of exercising renewal options on leases and the positive performance of the leased locations, when determining whether it is reasonably certain that the leases will be renewed. If management concludes that there is reasonable certainty about the renewal option, it is included in the calculation of the remaining term of each applicable lease.

The following table presents the undiscounted cash flows due related to operating leases as of September 30, 2021:


(In Thousands)	Amount
2021	$	126
2022		510
2023		511
2024		502
2025 and thereafter		4,937
Total Undiscounted Cash Flows	$	6,586
Discount on Cash Flows		(1,838	)
Total lease liabilities	$	4,748