Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Components of lease expense

The components of lease expense were as follows:

		Three Months Ended
		March 31,
(in thousands)		2021		2020
Operating lease expense	$	116	$	116
Finance lease expense:
Amortization of leased assets		8		6
Interest on lease liabilities		1		-
Total finance lease expense		9		6
Total lease expense	$	125	$	122

Cash flow supplemental disclosures for leases

Supplemental cash flow information related to leases was as follows:

		Three Months Ended
		March 31,
		2021		2020
(in thousands)
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	166	$	161
Operating cash flows from finance leases		1		-
Financing cash flows from finance leases		8		6

Supplemental balance sheet information related to leases

Supplemental balance sheet information related to leases was as follows:

		March 31, 2021		December 31, 2020
(in thousands)
Operating leases
Operating lease right-of-use assets	$	851	$	946
Current portion of operating lease liability		680		676
Operating lease liability, net of current portion		624		774
Total operating lease liabilities	$	1,304	$	1,450
Finance leases
Property and equipment, at cost	$	112	$	112
Accumulated depreciation		(35)		(28)
Property and equipment, net	$	77	$	84
Current portion of finance lease obligations	$	28	$	31
Finance lease obligations, net of current portion		39		44
Total finance lease liabilities	$	67	$	75
Weighted Average Remaining Lease Term
Operating leases		2.0 years		2.3 years
Finance leases		1.7 years		2.0 years
Weighted Average Discount Rate
Operating leases		6.0%		6.0%
Finance leases		6.3%		6.3%

Schedule of future minimum lease payments

As of March 31, 2021, maturities of lease liabilities were as follows:

		Operating		Finance
(in thousands)		leases		leases
Years Ended December 31,
2021	$	510	$	24
2022		696		26
2023		175		21
2024		-		-
Thereafter		-		-
Total minimum lease payments		1,381		71
Less: amount representing interest		(77)		(4)
Present value of capital lease liabilities	$	1,304	$	67

Lease guarantee future commitments

As of March 31, 2021, maturities of lease liabilities were as follows:

		Operating		Finance
(in thousands)		leases		leases
Years Ended December 31,
2021	$	510	$	24
2022		696		26
2023		175		21
2024		-		-
Thereafter		-		-
Total minimum lease payments		1,381		71
Less: amount representing interest		(77)		(4)
Present value of capital lease liabilities	$	1,304	$	67