Registration of securities issued in business combination transactions

LEASES (Tables)

v3.21.2
LEASES (Tables)
 12 Months Ended
Dec. 31, 2020
Leases  
Information related to the Company’s ROU assets and related lease liabilities were as follows

Information related to the Company’s ROU assets and related lease liabilities were as follows:

                 
    Year Ended December 31  
    2020     2019  
             
Cash paid for operating leases   $ 185,000     $ 112,000  
Right-of-use assets obtained in exchange for new operating lease obligations (1)   $ 209,000     $ 450,000  
                 
    As of December 31  
    2020     2019  
Weighted-average remaining lease term   2.2 years     3.3 years  
Weighted-average discount rate     3.6 %     4.5 %

 

(1) 2019 includes $280,000 for operating leases existing on January 1, 2019 and $188,000 for operating leases that commenced in the first quarter of 2019. 2020 includes $209,000 for an operating lease assumed with the Ecessa acquisition in the second quarter.
Maturities of lease liabilities as of December 31, 2020 were as follows

Maturities of lease liabilities as of December 31, 2020 were as follows:

 

         
2021   $ 225,000  
2022     152,000  
2023     47,000  
2024     4,000  
Total lease payments     428,000  
Less imputed interest     (17,000 )
Total operating lease liabilities   $ 411,000