LEASES (Tables)

6 Months Ended

Jun. 30, 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 comprises:

	(in thousands)
	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Minimum rentals	$	7	$	9
Contingent rentals		--		-
	$	7	$	9

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows:

	(in thousands)
	Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	9
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	494

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:

	(in thousands, except lease term and discount rate)
	June 30, 2019
Operating Leases:
Operating lease right-of-use assets	$	494
Other current liabilities	$	19
Operating lease liabilities		463
Total operating lease liabilities	$	482
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 June 30, 2019 are as follows:

	(in thousands)
	Operating Leases
Year
2019 (excluding the six months ended June 30, 2019)	$	42
2020		42
2021		38
2022		23
2023		23
Thereafter		1,353
Total undiscounted lease payments	$	1,521
Less effects of discounting		(1,039	)
Total lease liabilities recognized		482