LEASES (Tables)

3 Months Ended

Mar. 31, 2020

LEASES

Schedule of Maturity Analysis of the Operating Lease Liabilities

	Operating lease
Years ending December 31, (in thousands)	Obligation
2020	$	425
2021		581
2022		595
2023		606
2024		622
2025 and thereafter		2,873
Total undiscounted lease payments		5,702
Less imputed interest		(703)
Lease liability	$	4,999
Right-of-use asset	$	4,999

Schedule of Lease Cost

	Three months ended			Three months ended
	March 31, 2020			March 31, 2019
Lease cost
Operating lease cost	$	128		$	119
Short-term lease cost		6			6
Total lease cost	$	134		$	125
Other information
Operating cash outflows from operating leases	$	128
Weighted-average remaining lease term - operating leases		9.6 years
Weighted average discount rate - operating leases		2.8	%