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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2020
Commitments And Contingencies Disclosure [Abstract]  
Summary of Lease Liabilities and Right-of-Use Assets

The table below summarizes the Company’s lease liabilities and corresponding right-of-use assets (in thousands, except years and rates):

 

 

2020

 

 

2019

 

Assets

 

 

 

 

 

 

Operating

$

636

 

$

781

 

Financing

 

7

 

 

134

 

Total leased assets

$

643

 

$

915

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

Current:

 

 

 

 

 

 

Operating

$

123

 

$

147

 

Financing

10

 

120

 

Noncurrent:

 

 

 

 

 

 

Operating

528

 

646

 

Financing

 

 

8

 

Total lease liabilities

$

661

 

$

921

 

 

 

 

 

 

 

 

Weighted-average remaining lease term (years) - operating leases

6.57

 

6.89

 

Weighted-average remaining lease term (years) - finance leases

0.42

 

1.08

 

Weighted-average discount rate - operating leases

 

7.79

%

 

7.93

%

Weighted-average discount rate - finance leases

 

5.00

%

 

5.00

%

 

Summary of Lease Costs

The table below summarizes the Company’s lease costs from its consolidated statements of operations, and cash payments from its consolidated statements of cash flows.

 

 

 

Year Ended December 31,

 

 

 

 

2020

 

 

2019

 

Lease expense:

 

 

 

 

 

 

 

Operating lease expense

 

$

210

 

$

225

 

Finance lease expense:

 

 

 

 

 

 

 

Depreciation of right-of-use assets

 

 

127

 

116

 

Interest expense on lease liabilities

 

4

 

9

 

Total lease expense

 

$

341

 

$

350

 

 

 

 

 

 

 

 

 

Cash payment information:

 

 

 

 

 

 

 

Operating cash used for operating leases

 

$

204

 

$

213

 

Financing cash used for financing leases

 

117

 

131

 

Total cash paid for amounts included in the measurement of lease liabilities

 

$

321

 

$

344

 

 

Summary of Future Minimum Annual Lease Payments under Operating and Financing Leases

The Company’s future minimum annual lease payments under operating and financing leases at December 31, 2020 are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

Financing Leases

 

Operating Leases

 

 

 

 

 

 

 

 

 

2021

 

$

10

 

$

183

 

2022

 

 

 

123

 

2023

 

 

 

100

 

2024

 

 

 

106

 

2025

 

 

 

108

 

Thereafter

 

 

 

 

233

 

Total minimum lease payments

 

$

10

 

$

853

 

Less: amount representing interest

 

 

 

 

(202

)

Present value of obligations under leases

 

 

10

 

 

651

 

Less: current portion

 

$

10

 

$

(123

)

Noncurrent lease obligations

 

 

 

 

528