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Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of supplemental balance sheet information
Supplemental balance sheet information related to leases was as follows:
LeasesClassificationDecember 31, 2020December 31, 2019
(in thousands, except lease term and discount rate)
Assets
Operating lease right-of-use assetsOther assets$3,784 $4,084 
Total leased assets$3,784 $4,084 
Liabilities
Operating lease right-of-use liabilitiesAccounts payable and accrued expenses$3,873 $3,835 
Total lease liabilities$3,873 $3,835 
Weighted average remaining lease term (years)
Operating leases4.205.17
Weighted average discount rate
Operating leases3.1 %4.5 %
Schedule of future maturities operating lease liabilities
Future maturities of the Company’s operating lease liabilities at December 31, 2020 are as follows:
Year(in thousands)
2021$1,189 
20221,033 
2023708 
2024394 
2025394 
Thereafter591 
Total lease payments4,309 
Less: interest(436)
Total lease liabilities$3,873 
Schedule of future minimum lease payments under noncancelable operating leases
The following table represents future minimum lease payments under non-cancelable operating leases at December 31, 2020:
Year(in thousands)
2021$1,227 
20221,055 
2023688 
2024394 
2025394 
Thereafter592 
$4,350 
Schedule of components lease expense
The components of lease expense were as follows:
Years Ended December 31,
Lease expenseClassification20202019
(in thousands)
Operating lease costGeneral and administrative$1,141 $1,326 
Net lease cost$1,141 $1,326 

Supplemental cash flow information related to leases was as follows:
Years Ended December 31,
20202019
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,083 $920 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$705 $495