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