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Leases (Tables)
 9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Schedule of Operating Lease Right-of-use Assets and Liabilities

The tables below show the beginning balances of the operating lease right-of-use assets and liabilities as of January 1, 2019 and the ending balances as of September 30, 2020, including the changes during the periods.

 

   

Operating lease right-of-use

assets

  
Operating lease right-of use assets at January 1, 2020   $ 2,101,000  
Amortization of operating lease right-of-use assets     (161,000 )
Addition of operating lease right-of -use asset     28,000  
Write-off of right-of-use asset due to headquarters lease termination     (1,913,000 )
Write-off of right-of-use asset related to other lease terminations     (50,000 )
Operating lease right-of-use assets at September 30, 2020   $ 5,000  

 

   

Operating lease

liabilities

  
Operating lease liabilities at January 1, 2020   $ 3,300,000  
Principal payments on operating lease liabilities     (154,000 )
Addition of operating lease liability     28,000  
Write-off of lease liability related to headquarters lease termination     (3,135,000 )
Write-off of lease liability related to other lease terminations     (34,000 )
Operating lease liabilities at September 30, 2020     5,000  
Less non-current portion     -  
Current portion at September 30, 2020   $ 5,000  
Schedule of Financing Lease Right-of-use Assets and Liabilities

The tables below show the beginning balances of the finance lease right-of-use assets and liabilities as of January 1, 2020 and the ending balances as of September 30, 2020, including the changes during the periods. The Company’s finance lease right-of-use assets are included in “Fixed assets, net” on the accompanying consolidated balance sheet.

 

   

Finance lease right-of-use

assets

  
Finance lease right-of use assets at January 1, 2020   $ 41,000  
Depreciation of finance lease right-of-use assets     (15,000 )
Finance lease right-of-use assets at September 30, 2020   $ 26,000  

 

   

Finace lease

liabilities

  
Finance lease liabilities at January 1, 2020   $ 41,000  
Principal payments on finance lease liabilities as of September 30, 2020     (14,000 )
Finance lease liabilities at September 30, 2020     27,000  
Less non-current portion     (4,000 )
Current portion at September 30, 2020   $ 23,000  
Schedule of Maturities of Financing Leases

As of September 30, 2020, the Company’s finance leases have a weighted-average remaining lease term of 1.2 years and a weighted-average discount rate of 5.52%. The maturities of the finance lease liabilities are as follows:

 

    As of  
    September 30, 2020  
2020     7,000  
2021     21,000  
Total Finance lease payments     28,000  
Less imputed interest     (1,000 )
Present value of Finance lease liabilities   $ 27,000