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OPERATING LEASES
12 Months Ended
Dec. 31, 2020
OPERATING LEASES  
OPERATING LEASES

19. OPERATING LEASES

The Company leases its facilities and offices under non-cancelable operating lease agreements. These leases expire through 2022 and are renewable upon negotiation.

The following table provides a summary of leases where we are the leasee are presented as follows within our consolidated financial statements:

Assets/Liabilities

    

December 31, 2019

    

December 31, 2020

Right-of-use assets

$

2,252

$

74

Lease liabilities - current

 

1,785

 

39

Lease liabilities – non-current

 

810

 

26

Total lease liabilities

$

2,595

$

65

19. OPERATING LEASES (cont.)

The operating lease cost and short-term lease cost for the years ended December 31, 2019 and 2020 were as follows:

    

Year ended December 31, 2019

    

Year ended December 31, 2020

Operating lease expense excluding short-term rental expense

1,811

 

$

182

Short-term lease cost

1,597

 

434

Total lease cost

3,408

 

$

616

Lease term and discount rate information related to leases where we are lessee is as follows:

    

December 31, 2019

    

December 31, 2020

 

Weighted-average remaining lease terms

1.9 years

1.7 years

Weighted-average discount rate

 

10.92

%  

 

10.30

%

19. OPERATING LEASES (cont.)

Supplemental cash flow information related to leases where we are lessee is as follows:

    

December 31, 2019

    

December 31, 2020

Cash paid for amounts included in the measurement of lease liabilities

 

 

Operating cash outflows from operating leases

$

1,211

$

27

Maturities of lease liabilities as of December 31, 2020 were as follows:

    

Operating Leases

2021

 

$

44

2022

 

27

Total undiscounted lease payment

 

$

71

Less: Imputed interest

 

6

Present value of lease liabilities

 

$

65