LEASES (Tables)

3 Months Ended

Mar. 31, 2019

LEASES [Abstract]

Rent Expense for All Operating Leases Except Those with Terms of 12 Months or Less

Rent expense for all operating leases except those with terms of 12 months or less comprise:

	(in thousands)
	Three Months Ended March 31, 2019
Minimum rentals	$	2
Contingent rentals		--
	$	2

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows:

	(in thousands)
	Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	499

Supplemental Balance Sheet Information Related to Leases

Table of Contents

Supplemental balance sheet information related to leases is as follows:

	(in thousands, except lease term and discount rate)
	March 31, 2019
Operating Leases:
Operating lease right-of-use assets	$	499
Other current liabilities	$	18
Operating lease liabilities		468
Total operating lease liabilities	$	486
Weighted Average Remaining Lease Term
Operating leases	57 years
Weighted Average Discount Rate
Operating leases		4.9	%

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities that have initial or remaining non-cancelable lease terms in excess of one year as of March 31, 2019 are as follows:

	(in thousands)
	Operating Leases
Year
2019 (excluding the three months ended March 31, 2019)	$	41
2020		42
2021		42
2022		23
2023		23
Thereafter		1,355
Total undiscounted lease payments		1,526
Less effects of discounting		(1,040	)
Total lease liabilities recognized	$	486