LEASES (Tables)

12 Months Ended

Dec. 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 comprises:

	(in thousands)
	Three Months Ended December 31, 2019		Twelve Months Ended December 31, 2019
Minimum rentals	$	23	$	40
Contingent rentals		-		-
	$	23	$	40

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows:

	(in thousands)
	Twelve Months Ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	40
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	480

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)
	December 31, 2019
Operating Leases:
Operating lease right-of-use assets	$	480
Other current liabilities	$	19
Operating lease liabilities		450
Total operating lease liabilities	$	469
Weighted Average Remaining Lease Term
Operating leases	58 years
Weighted Average Discount Rate
Operating leases		5.0	%

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 December 31, 2019 are as follows:

	(in thousands)
	Operating Leases
Year
2020	$	42
2021		42
2022		28
2023		23
2024		23
Thereafter		1,320
Total undiscounted lease payments	$	1,478
Less effects of discounting		(1,009	)
Total lease liabilities recognized		469