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COMMITMENTS AND CONTINGENCIES (Tables)
9 Months Ended
Sep. 30, 2020
COMMITMENTS AND CONTINGENCIES  
Summary of right of use assets and liabilities

We have various operating leases for office space that expire through 2023. Below is a summary of our right-of-use assets and lease liabilities as of September 30, 2020 (in thousands).

 

 

 

 

 

 

Right-of-use assets

    

$

367

 

 

 

 

 

 

Lease liability obligations

 

$

395

 

Lease liability obligations, less current portion

 

 

(230)

 

Total lease liability obligations, long term

 

$

165

 

 

 

 

 

 

Weighted-average remaining lease term

 

 

1.66 years

 

 

 

 

 

 

Weighted-average discount rate

 

 

6.75

%

 

Schedule of future minimum lease payments for our lease liabilities

Approximate future minimum lease payments for our lease liabilities over the remaining lease periods as of September 30, 2020, are as follows (in thousands):

 

 

 

 

 

Remainder of 2020

    

$

67

2021

 

 

221

2022

 

 

105

2023

 

 

29

Total minimum payments

 

 

422

Less: amount representing interest

 

 

(27)

Total

 

$

395