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