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LEASES (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Leases [Abstract] |
SCHEDULE OF CONSOLIDATED BALANCE SHEET | SCHEDULE OF CONSOLIDATED BALANCE SHEET
|  |  | 1 |  |  |  | 2 |
|  | June 30, 2021 |  |  | December 31, 2020 |
|  | (in thousands) |
Right of use asset balance |  |  |  |  |  |  |  |
Operating lease |  | $ | 167 |  |  | $ | 127 |
Lease liability balance |  |  |  |  |  |  |  |
Short-term operating lease |  | $ | 107 |  |  | $ | 65 |
Long-term operating lease |  |  | 78 |  |  |  | 78 |
Total operating leases |  | $ | 185 |  |  | $ | 143 |
SCHEDULE OF LEASE COSTS | SCHEDULE OF LEASE COSTS
|  |  | 2021 |  |  |  | 2020 |  |  |  | 2021 |  |  |  | 2020 |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
|  | (in thousands) |
Operating lease cost |  | $ | 27 |  |  | $ | 17 |  |  | $ | 51 |  |  | $ | 34 |
Short-term lease cost |  |  | 12 |  |  |  | 6 |  |  |  | 18 |  |  |  | 10 |
Sublease income |  |  | (16 | ) |  |  | (11 | ) |  |  | (32 | ) |  |  | (16 | )
Total lease costs |  | $ | 23 |  |  | $ | 12 |  |  | $ | 37 |  |  | $ | 28 |
SCHEDULE OF WEIGHTED AVERAGE LEASE | The Company’s Denver and Houston office operating leases do not contain implicit interest rates that can be readily determined; therefore, the Company used the incremental borrowing rates in effect at the time the Company entered into the leases. SCHEDULE OF WEIGHTED AVERAGE LEASE
|  | As of June 30, |
|  | 2021 |  |  | 2020 |
Weighted average lease term (years) |  |  | 1.7 |  |  |  | 2.6 |
Weighted average discount rate |  |  | 9.26 | % |  |  | 8.75 | %
SCHEDULE OF FUTURE MINIMUM LEASE COMMITMENTS | The future minimum lease commitments as of June 30, 2021, are presented in the table below in thousands. Such commitments are reflected at undiscounted values and are reconciled to the discounted present value on the consolidated balance sheet as follows: SCHEDULE OF FUTURE MINIMUM LEASE COMMITMENTS
|  | Amount |
Remainder of 2021 |  | $ | 60 |
2022 |  |  | 122 |
2023 |  |  | 17 |
Total lease payments |  |  | 199 |
Less: imputed interest |  |  | (14 | )
Total lease liability |  | $ | 185 |
SCHEDULE OF OPERATING LEASES | SCHEDULE OF OPERATING LEASES
|  |  | 1 |  |  |  | 2 |
|  | June 30, 2021 |  |  | December 31, 2020 |
|  | (in thousands) |
Building subject to operating leases |  | $ | 4,654 |  |  | $ | 4,654 |
Land |  |  | 380 |  |  |  | 380 |
Less: accumulated depreciation |  |  | (3,658 | ) |  |  | (3,658 | )
Loss on leased real estate held for sale |  |  | (651 | ) |  |  | (651 | )
Building subject to operating leases, net |  | $ | 725 |  |  | $ | 725 |
SCHEDULE OF FUTURE LEASE MATURITIES | The future lease maturities of the Company’s operating leases as of June 30, 2021 are presented in the table below. Such maturities are reflected at undiscounted values to be received on an annual basis. SCHEDULE OF FUTURE LEASE MATURITIES
|  |  | 1 |
|  | Amount |
|  | (in thousands) |
Remainder of 2021 |  | $ | 82 |
2022 |  |  | 165 |
2023 |  |  | 169 |
2024 |  |  | 163 |
Remaining through June 2029 |  |  | 695 |
Total lease maturities |  | $ | 1,274 |
SCHEDULE OF LOSS ON RENTAL PROPERTY | The Company recognized, as a component of rental and other loss in the unaudited condensed consolidated statements of operations, the following operating lease income and expense related to its Riverton, Wyoming office building for the three and six months ended June 30, 2021 and 2020: SCHEDULE OF LOSS ON RENTAL PROPERTY
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
|  | (in thousands) |
Operating lease income |  | $ | 51 |  |  | $ | 54 |  |  | $ | 102 |  |  | $ | 110 |
Operating lease expense |  |  | (45 | ) |  |  | (43 | ) |  |  | (79 | ) |  |  | (86 | )
Depreciation |  |  | - |  |  |  | (29 | ) |  |  | - |  |  |  | (59 | )
Rental property gain (loss), net |  | $ | 6 |  |  | $ | (18 | ) |  | $ | 23 |  |  | $ | (35 | )

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