Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.20.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2020
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

($ in thousands)

    

March 31, 2020

    

March 31, 2019

Lease cost

 

 

  

 

 

  

Operating lease cost

 

$

83

 

$

78

Variable lease cost

 

 

234

 

 

237

Total

 

$

317

 

$

315

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

($ in thousands)

    

March 31, 2020

 

March 31, 2019

 

Operating cash flows from operating leases

 

$

(270)

 

$

60

 

Weighted-average remaining lease term – operating leases

 

 

3.1

 

 

5.1

 

Weighted-average discount rate – operating leases

 

 

8.97

%

 

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)

 

 

 

Nine months ended December 31, 2020

 

$

346

Year ended December 31, 2021

 

 

467

Year ended December 31, 2022

 

 

476

Year ended December 31, 2023

 

 

489

Year ended December 31, 2024

 

 

503

Thereafter

 

 

955

Total

 

 

3,236

Less present value discount

 

 

(820)

Operating lease liabilities

 

$

2,416