LEASES (Tables)

6 Months Ended

Jun. 30, 2020

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				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Minimum rentals	$	7	$	7	$	14	$	9
Contingent rentals		—		—		—		—
	$	7	$	7	$	14	$	9

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows:

	(in thousands)
	Six Months Ended		Six Months Ended
	June 30, 2020		June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	14	$	9
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	469	$	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, 2020			December 31, 2019
Operating Leases:
Operating lease right-of-use assets	$	469		$	480
Other current liabilities	$	20			19
Operating lease liabilities		440			450
Total operating lease liabilities	$	460		$	469
Weighted Average Remaining Lease Term
Operating leases	58 years			58 years
Weighted Average Discount Rate
Operating leases		5.0	%		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 June 30, 2020 are as follows:

	(in thousands)
	Operating Leases
Year
2020	$	42
2021		37
2022		23
2023		23
2024		23
Thereafter		1,317
Total undiscounted lease payments	$	1,465
Less effects of discounting		(1,005	)
Total lease liabilities recognized	$	460