Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.20.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2020
Commitments and Contingencies  
Schedule of information about operating leases

The following summarizes quantitative information about the Company’s operating leases:

    

For the Six Months Ended

June 30, 

June 30, 

($ in thousands)

    

2020

    

2019

Lease cost

 

  

 

  

Operating lease cost

 

$

161

 

$

157

Variable lease cost

234

363

Total

 

$

395

 

$

520

    

For the Six Months Ended

 

June 30, 

June 30, 

($ in thousands)

    

2020

 

    

2019

 

Operating cash flows from operating leases

 

$

(155)

 

$

120

Weighted-average remaining lease term – operating leases

3.2

5.0

Weighted-average discount rate – operating leases

8.98

%

8.96

%

Schedule of Maturities of operating leases excluding short term leases

Maturities of our operating leases, excluding short-term leases, are as follows:

($ in thousands)

    

Six months ended June 30, 2020

$

232

Year ended December 31, 2021

467

Year ended December 31, 2022

 

475

Year ended December 31, 2023

 

489

Year ended December 31, 2024

 

503

Thereafter

955

Total

 

3,121

Less present value discount

(766)

Operating lease liabilities

$

2,355