Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.20.1
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2019
Commitments and Contingencies  
Schedule of information about operating leases

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

 

 

 

 

 

 

    

For the Year Ended

($ in thousands)

    

December 31, 2019

Lease cost

 

 

  

Operating lease cost

 

$

312

Variable lease cost

 

 

684

Total

 

$

996

 

 

 

 

 

 

 

    

For the Year Ended

 

($ in thousands)

    

December 31, 2019

 

Operating cash flows from operating leases

 

$

148

 

Weighted-average remaining lease term – operating leases

 

 

 4.3

 

Weighted-average discount rate – operating leases

 

 

8.97

%

 

Schedule of Maturities of operating leases excluding short term leases

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

 

 

 

 

 

($ in thousands)

    

 

 

Year ended December 31, 2020

 

$

76

Year ended December 31, 2021

 

 

467

Year ended December 31, 2022

 

 

476

Year ended December 31, 2023

 

 

489

Thereafter

 

 

1,458

Total

 

 

2,966

Less present value discount

 

 

(866)

Operating lease liabilities

 

$

2,100