Fixed Assets (Tables)

9 Months Ended

Sep. 30, 2020

Fixed assets are summarized as follows:


	September 30,		December 31,
	2020		2019
	(unaudited)
Machinery and equipment	$	720,000	$	762,000
Office furniture and equipment		180,000		180,000
Leasehold improvements		149,000		149,000
Right of use asset-operating leases		1,140,000		1,140,000
		2,189,000		2,231,000
Accumulated depreciation and amortization		(1,719,000)		(1,566,000)
	$	470,000	$	665,000

Schedule Of Leases Cost

Lease costs for the nine months ended September 30, 2020 and 2019 and other quantitative disclosures are as follows (unaudited):


	For the three months ended September 30,					For the nine months ended September 30,
	2020		2019			2020		2019
Lease cost:
Operating lease cost	$	63,000	$	58,000		$	186,000	$	175,000
Total lease cost	$	63,000	$	58,000		$	186,000	$	175,000

Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases			$	159,000

For operating lease:
Weighted average remaining lease term (in years)				2.54
Weighted average discount rate				7.17	%

Schedule of minimum future payments

Minimum future payments under the Company’s leases at September 30, 2020 and their application to the corresponding lease liabilities are as follows (unaudited):


	Discounted lease		Payments due under
	liability payments		lease agreements
2020 (remaining 3 months)	$	49,000	$	55,000
2021		169,000		193,000
2022		178,000		190,000
2023		71,000		73,000
Total	$	467,000	$	511,000