Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Components of lease expense

The components of lease expense were as follows:

		Year Ended December 31,
(in thousands)		2020		2019
Operating lease expense	$	464	$	464
Finance lease expense:
Amortization of leased assets		26		15
Interest on lease liabilities		3		6
Total finance lease expense		29		21
Total lease expense	$	493	$	485

Cash flow supplemental disclosures for leases

Supplemental cash flow information related to leases was as follows:

		Year Ended December 31,
(in thousands)		2020		2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	656	$	642
Operating cash flows from finance leases		3		6
Financing cash flows from finance leases		29		20
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	-	$	1,638

Supplemental balance sheet information related to leases

Supplemental balance sheet information related to leases was as follows:

		December 31,
(in thousands)		2020		2019
Operating leases
Operating lease right-of-use assets	$	946	$	1,308
Current portion of operating lease liability		676		656
Operating lease liability, net of current portion		774		1,348
Total operating lease liabilities	$	1,450	$	2,004
Finance leases
Property and equipment, at cost	$	112	$	66
Accumulated depreciation		(28)		(25)
Property and equipment, net	$	84	$	41
Current portion of finance lease obligations	$	31	$	25
Finance lease obligations, net of current portion		44		9
Total finance lease liabilities	$	75	$	34
Weighted Average Remaining Lease Term
Operating leases		2.3 years		3.3 years
Finance leases		2.0 years		1.4 years
Weighted Average Discount Rate
Operating leases		6.0%		6.0%
Finance leases		6.3%		13.8%

Schedule of future minimum operating lease payments

As of December 31, 2020, maturities of lease liabilities were as follows:

		Operating		Finance
(in thousands)		leases		leases
Years Ended December 31,
2021	$	676	$	35
2022		696		25
2023		175		21
2024		-		-
Thereafter		-		-
Total minimum lease payments		1,547		81
Less: amount representing interest		(97)		(6)
Present value of lease liabilities	$	1,450	$	75

Lease guarantee future commitments finance leases

As of December 31, 2020, maturities of lease liabilities were as follows:

		Operating		Finance
(in thousands)		leases		leases
Years Ended December 31,
2021	$	676	$	35
2022		696		25
2023		175		21
2024		-		-
Thereafter		-		-
Total minimum lease payments		1,547		81
Less: amount representing interest		(97)		(6)
Present value of lease liabilities	$	1,450	$	75