Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.21.1
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2020
Commitments and Contingencies  
Schedule of information about operating leases

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

    

For the Year Ended

December 31, 

December 31, 

($ in thousands)

    

2020

    

2019

Lease cost

 

  

 

  

Operating lease cost

 

$

330

 

$

312

Variable lease cost

470

684

Total

 

$

800

 

$

996

    

For the Year Ended

 

December 31, 

December 31, 

($ in thousands)

    

2020

 

    

2019

 

Operating cash flows from operating leases

 

$

76

 

$

148

Weighted-average remaining lease term – operating leases

5.8

4.3

Weighted-average discount rate – operating leases

9.0

%

9.0

%

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, 2021

$

467

Year ended December 31, 2022

476

Year ended December 31, 2023

 

489

Year ended December 31, 2024

 

503

Year ended December 31, 2025

 

516

Thereafter

439

Total

 

2,890

Less present value discount

(662)

Operating lease liabilities

$

2,228