Quarterly report pursuant to Section 13 or 15(d)

Right-of-use Assets and Operating Lease Liabilities (Tables)

v3.20.1
Right-of-use Assets and Operating Lease Liabilities (Tables)
 3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Schedule of Lease Cost

   

Period Ended

March 31, 2020

  
Lease cost        
Operating lease cost (included in general and administration in the Company’s statement of operations)   $ 175,000  
         
Other information        
Cash paid for amounts included in the measurement of lease liabilities   $ —  
Weighted average remaining lease term – operating leases (in years)     5.11  
Average discount rate – operating leases     4.0 %

Schedule of Operating Leases

    March 31, 2020  
Operating leases        
Right-of-use assets, net of amortization of $484,000   $ 3,140,000  
         
Short-term operating lease liabilities   $ 505,000  
Long-term operating lease liabilities     3,432,000  
Total operating lease liabilities   $ 3,937,000