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LEASES (Tables)

9 Months Ended

Sep. 30, 2021

Summary of balance sheet presentation of our operating and finance leases

The balance sheet presentation of our operating and finance leases is as follows:


(dollars in thousands)
Classification on the Consolidated Balance Sheet	September 30, 2021		December 31, 2020 (1)
Assets:
Operating lease right-of-use assets, net	$	144	$	306
Finance lease right-of-use assets, net (2)		487		204
Total lease assets	$	631	$	510

Liabilities:
Current:
Current maturities of operating lease liabilities	$	93	$	225
Current maturities of finance lease liabilities		244		48
Noncurrent:
Operating lease liabilities, less current maturities		57		92
Finance lease liabilities, less current maturities		187		116
Total lease liabilities	$	581	$	481

(1)

As of December 31, 2020, $175 of property and equipment, net and $29 of operating lease right-of-use assets were reclassified to finance lease right-of-use assets to conform to the current period presentation.

(2)

As of September 30, 2021 and December 31, 2020, finance lease right-of-use assets included $155 and $29, respectively, of assets related to finance leases associated with the HSRR program.

Summary of estimated future minimum lease payments for finance leases

As of September 30, 2021 and December 31, 2020, the estimated future minimum lease payments, excluding non-lease components, are as follows:


(dollars in thousands)	Operating Leases				Finance Leases				Total
		September 30,		December 31,		September 30,		December 31,		September 30,		December 31,
		2021		2020		2021		2020		2021		2020
2021	$	60	$	241	$	60	$	61	$	120	$	302
2022		48		48		176		49		224		97
2023		35		35		100		38		135		73
2024		17		17		80		28		97		45
2025		—		—		65		13		65		13
Thereafter		—		—		26		—		26		—
Total lease obligations		160		341		507		189		667		530
Less: Amount representing interest		(10)		(24)		(76)		(25)		(86)		(49)
Present value of net minimum lease obligations		150		317		431		164		581		481
Less, current portion		(93)		(225)		(244)		(48)		(337)		(273)
Long term portion	$	57	$	92	$	187	$	116	$	244	$	208

Schedule of other information


	September 30,	December 31,
	2021	2020
Weighted-average remaining lease term (years):
Operating leases	1.7	1.9
Finance leases	3.2	3.6
Weighted-average discount rate:
Operating leases	8.00%	8.00%
Finance leases	18.84%	8.28%