Fixed Assets (Tables)

3 Months Ended

Mar. 31, 2021

Fixed assets are summarized as follows:


	March 31,		December 31,
	2021		2020
	(unaudited)
Machinery and equipment	$	720,000	$	720,000
Office furniture and equipment		180,000		180,000
Leasehold improvements		149,000		149,000
Right of use asset-operating leases		1,235,000		1,024,000
		2,284,000		2,073,000
Accumulated depreciation and amortization		(1,594,000)		(1,657,000)
		690,000		416,000
Construction in progress		65,000		11,000
	$	755,000	$	427,000

Schedule Of Leases Cost

Lease costs for the three months ended March 31, 2021 and 2020 and other quantitative disclosures are as follows (unaudited):


	For the three months ended March 31,
	2021		2020
Lease cost:
Operating lease cost	$	46,000	$	62,000
Short-term lease cost		5,000		—
Total lease cost	$	51,000	$	62,000

Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases			$	53,000

For operating lease:
Weighted average remaining lease term (in years)				4.47
Weighted average discount rate				5.98	%

Schedule of minimum future payments

Minimum future payments under the Company’s leases at March 31, 2021 and their application to the corresponding lease liabilities are as follows (unaudited):


	Discounted lease		Payments due under
	liability payments		lease agreements
2021 (remaining 9 months)	$	143,000	$	171,000
2022		207,000		233,000
2023		122,000		136,000
2024		54,000		65,000
2025		59,000		66,000
Thereafter		114,000		118,000
Total	$	699,000	$	789,000