Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.20.1
Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Information Related to ROU Assets and Related Lease Liabilities



 

 



 

 



 

Year Ended December 31, 2019



 

 

Cash paid for operating leases

$

112,000 

Right-of-use assets obtained in exchange for new operating lease obligations (1)

 

450,000 



 

 



 

 



 

As of December 31, 2019

Weighted-average remaining lease term

 

3.3 years

Weighted-average discount rate

 

4.5% 



 

 



(1)

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.

Maturities of Lease Liabilities



 

 



 

 

2020

$

130,000 

2021

 

131,000 

2022

 

89,000 

2023

 

48,000 

2024

 

4,000 

Total lease payments

 

402,000 

Less imputed interest

 

(42,000)

Total operating lease liabilities

$

360,000 



 

 



Future Minimum Lease Commitments under Operating Leases based on ASC 840



 

 

 



 

 

 

Year Ending December 31:

 

 

 

2019

 

$  

106,000 

2020

 

 

86,000 

2021

 

 

86,000 

2022

 

 

50,000 



 

328,000