Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.21.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2021
Commitments and Contingencies  
Schedule of information about operating leases

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

    

For the Three Months Ended

March 31, 

March 31, 

($ in thousands)

    

2021

    

2020

Lease cost

 

  

 

  

Operating lease cost

 

$

76

 

$

83

Variable lease cost

147

234

Total

 

$

223

 

$

317

    

For the Three Months Ended

 

March 31, 

March 31, 

($ in thousands)

    

2021

 

    

2020

 

Operating cash flows from operating leases

 

$

118

 

$

(270)

Weighted-average remaining lease term – operating leases

5.6

3.1

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

$

349

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

 

2,772

Less present value discount

(613)

Operating lease liabilities

$

2,159