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)
 9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Schedule of Lease Cost
   

Period Ended

September 30, 2020
(unaudited)

    

Period Ended

September 30, 2019
(unaudited)

  
Lease cost                
Operating lease cost (included in general and administration in the Company’s statement of operations)   $ 524,000     $ 281,000  
                 
Other information                
                 
Cash paid for amounts included in the measurement of lease liabilities   $ 383.000     $ 281,000  
Weighted average remaining lease term – operating leases (in years)     4.70       5.44  
Average discount rate – operating leases     4.0 %     4.0 %
Schedule of Operating Leases
    September 30, 2020
(unaudited)		     December 31, 2019
Operating leases              
Right-of-use assets, net of amortization of $756,000 and $349,000, respectively   $ 2,868,000     $ 3,275,000
               
Short-term operating lease liabilities   $ 595,000     $ 391,000
Long-term operating lease liabilities     3,101,000       3,591,000
Total operating lease liabilities   $ 3,696,000     $ 3,982,000