LEASES (Tables)

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Minimum rentals	$	7	$	7	$	21	$	16
Contingent rentals		—		—		—		—
	$	7	$	7	$	21	$	16

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows:

	(in thousands)
	Nine Months Ended		Nine Months Ended
	September 30, 2020		September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	21	$	33
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	464	$	489

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)
	September 30, 2020			December 31, 2019
Operating Leases:
Operating lease right-of-use assets	$	464		$	480
Other current liabilities	$	20			19
Operating lease liabilities		435			450
Total operating lease liabilities	$	455		$	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 September 30, 2020 are as follows:

	(in thousands)
	Operating Leases
Year
2021	$	42
2022		32
2023		23
2024		23
2025		24
Thereafter		1,315
Total undiscounted lease payments	$	1,459
Less effects of discounting		(1,004	)
Total lease liabilities recognized	$	455