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Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Summary of Operating and Financing Leases

The following table summarizes the Company’s operating and financing leases as of December 31, 2020:

 

 

 

US

 

 

Ireland

 

 

Total

 

Lease Cost

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

471

 

 

$

228

 

 

$

699

 

Financing lease cost

 

27

 

 

 

 

 

 

27

 

Sublease income

 

 

-

 

 

 

(206

)

 

 

(206

)

Total

 

$

498

 

 

$

22

 

 

$

520

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other information

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows out from operating leases

 

 

(471

)

 

 

(228

)

 

 

(699

)

Operating cash flows in from operating leases

 

 

-

 

 

 

206

 

 

 

206

 

Operating cash flows out from financing leases

 

 

(26

)

 

 

 

 

 

(26

)

Right-of-use assets exchanged for new operating lease liabilities

 

 

729

 

 

 

 

 

 

729

 

Weighted average remaining lease term

 

 

2.2

 

 

 

0.6

 

 

 

 

 

Weighted average discount rate - operating leases

 

 

8

%

 

 

8

%

 

 

 

 

Schedule of Maturity of Operating Leases Excluding Short-Term Leases

Maturities of the Company’s operating leases, excluding short-term leases, are as follows:

 

 

 

US

 

 

Ireland

 

 

Total

 

Year ended December 31, 2021

 

$

416

 

 

$

133

 

 

$

549

 

Year ended December 31, 2022

 

 

406

 

 

 

 

 

 

406

 

Year ended December 31, 2023

 

 

67

 

 

 

 

 

 

67

 

Total

 

 

889

 

 

 

133

 

 

 

1,022

 

Less present value discount

 

 

(74

)

 

 

(3

)

 

 

(77

)

Operating lease liabilities included in the consolidated balance sheets at December 31, 2020

 

$

815

 

 

$

130

 

 

$

945