Leases

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Leases

NOTE 3 - LEASES

We have lease agreements with lease and non-lease components, which we account for as a single lease component. Variable lease payments based on an index or rate are initially measured using the index or rate in effect at the lease commencement and included in the measurement of the lease liability; thereafter, changes to lease payments due to rate or index updates are recorded as rent expense in the period incurred. We have elected not to recognize ROU assets and lease liabilities for short-term leases that have a term of 12 months or less. The effect of short-term leases on our ROU assets and lease liabilities was not material. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. In addition, we do not have any related party leases and our sublease transactions are de minimis.

Supplemental cash flow information related to operating leases was as follows: 

	For the three months ended March 31,
	2021		2020
Cash payments for operating leases	$	64	$	27

Undiscounted maturities of operating lease payments as March 31, 2021 are summarized as follows:

2021(Remainder of the year)	$	241
2022		186
2023		180
2024		182
2025		160
Total future lease payments		949
Less imputed interest		(211	)
Total lease liability balance	$	738

Leases recorded on the balance sheet consist of the following:      

	As of March 31,		As of December 31,
		2021		2020
Assets
Operating lease right of use asset	$	725	$	775
Liabilities
Operating lease - current		173		187
Operating lease - non-current		565		626
	$	738	$	813

	As of March 31, 2021
Operating leases weighted average remaining lease term (in years)		3.75
Operating leases weighted average discount rate		9	%