Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Components of lease expense

The components of lease expense were as follows:

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
(in thousands)		2020		2019		2020		2019
Operating lease expense	$	116	$	116	$	348	$	348
Finance lease expense:
Amortization of leased assets		6		4		18		12
Interest on lease liabilities		-		2		2		5
Total finance lease expense		6		6		20		17
Total lease expense	$	122	$	122	$	368	$	365

Cash flow supplemental disclosures for leases

Supplemental cash flow information related to leases was as follows:

		Nine Months Ended
		September 30,
		2020		2019
(in thousands)
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	491	$	481
Operating cash flows from finance leases		2		5
Financing cash flows from finance leases		19		15
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	-	$	1,638
Finance leases		-		-

Supplemental balance sheet information related to leases

Supplemental balance sheet information related to leases was as follows:

		September 30, 2020		December 31, 2019
(in thousands)
Operating leases
Operating lease right-of-use assets	$	1,040	$	1,308
Current portion of operating lease liability		671		656
Operating lease liability, net of current portion		922		1,348
Total operating lease liabilities	$	1,593	$	2,004
Finance leases
Property and equipment, at cost	$	66	$	66
Accumulated depreciation		(36)		(25)
Property and equipment, net	$	30	$	41
Current portion of finance lease obligations	$	15	$	25
Finance lease obligations, net of current portion		-		9
Total finance lease liabilities	$	15	$	34
Weighted Average Remaining Lease Term
Operating leases		2.5 years		3.3 years
Finance leases		0.6 years		1.4 years
Weighted Average Discount Rate
Operating leases		6.0%		6.0%
Finance leases		13.8%		13.8%

Schedule of future minimum lease payments

As of September 30, 2020, maturities of lease liabilities were as follows:

		Operating		Finance
(in thousands)		leases		leases
Years Ended December 31,
2020	$	165	$	7
2021		676		9
2022		696		-
2023		175		-
Thereafter		-		-
Total minimum lease payments		1,712		16
Less: amount representing interest		(119)		(1)
Present value of capital lease liabilities	$	1,593	$	15

Lease guarantee future commitments

As of September 30, 2020, maturities of lease liabilities were as follows:

		Operating		Finance
(in thousands)		leases		leases
Years Ended December 31,
2020	$	165	$	7
2021		676		9
2022		696		-
2023		175		-
Thereafter		-		-
Total minimum lease payments		1,712		16
Less: amount representing interest		(119)		(1)
Present value of capital lease liabilities	$	1,593	$	15