Quarterly report pursuant to Section 13 or 15(d)

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

v3.20.2
Right-of-use Assets and Operating Lease Liabilities (Tables)
 6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Schedule of Lease Cost
   

Period Ended

June 30, 2020

    

Period Ended

June 30, 2019

  
Lease cost                
Operating lease cost (included in general and administration in the Company’s statement of operations)   $ 349,000     $ 170,000  
                 
Other information                
Cash paid for amounts included in the measurement of lease liabilities   $ —     $ —  
Weighted average remaining lease term – operating leases (in years)     4.87       4.05  
Average discount rate – operating leases     4.0 %      4.0 %
Schedule of Operating Leases
    June 30, 2020     December 31, 2019  
Operating leases                
Right-of-use assets, net of amortization of $619,000 and $349,000, respectively   $ 3,005,000     $ 3,275,000  
                 
Short-term operating lease liabilities   $ 559,000     $ 391,000  
Long-term operating lease liabilities     3,269,000       3,591,000  
Total operating lease liabilities   $ 3,828,000     $ 3,982,000