Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

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

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

    

For the Nine Months Ended

September 30, 

September 30, 

($ in thousands)

    

2020

    

2019

Lease cost

 

  

 

  

Operating lease cost

 

$

254

 

$

235

Variable lease cost

323

487

Total

 

$

577

 

$

722

    

For the Nine Months Ended

 

September 30, 

September 30, 

($ in thousands)

    

2020

 

    

2019

 

Operating cash flows from operating leases

 

$

(41)

 

$

52

Weighted-average remaining lease term – operating leases

3.4

4.5

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)

    

Three months ended December 31, 2020

$

117

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

 

3,006

Less present value discount

(713)

Operating lease liabilities

$

2,293