Annual report pursuant to Section 13 and 15(d)

Right-of-use Asset and Lease Liability (Tables)

v3.20.4
Right-of-use Asset and Lease Liability (Tables)
12 Months Ended
Dec. 31, 2020
Right-of-use Asset and Lease Liability  
Schedule of information relating to right-of-use assets and related lease liabilities

 

 

 

 

 

 

 

 

 

Year ended

 

 

December 31,

 

 

 

2020

 

 

2019

Cash paid for operating lease liabilities

 

$

503

 

$

460

Right-of-use assets obtained in exchange for new operating lease obligations (1)

 

$

537

 

$

2,163

Weighted-average remaining lease term

 

 

6.1 years

 

 

7.2 years

Weighted-average discount rate

 

 

3.5%

 

 

3.4%

 

(1)

During the year ended December 31, 2020, includes $0.5 million recognized through acquisitions. During the year ended December 31, 2019, represents operating leases existing on January 1, 2019 and recognized as part of the Company’s adoption of ASU 2016-02.

Schedule of maturities of lease liabilities

Maturities of lease liabilities as of December 31, 2020 were as follows:

 

 

 

 

 

2021

    

$

562

2022

 

 

500

2023

 

 

535

2024

 

 

545

2025

 

 

555

Thereafter

 

 

674

 

 

 

3,371

Less: imputed interest

 

 

(714)

Total lease liabilities

 

$

2,657

 

 

 

 

Lease liabilities, current portion

 

 

490

Lease liabilities, net of current portion

 

 

2,167

Total lease liabilities

 

$

2,657