Annual report pursuant to Section 13 and 15(d)

Operating Leases (Tables)

v3.21.1
Operating Leases (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of Rent Expense and Supplemental Cash Flow Information

The components of rent expense and supplemental cash flow information related to leases for the period are as follows:

 

    Years Ended December 31,  
    2020     2019  
Lease Cost                
Operating lease cost (of which $98 is included in general and administration and $601 is included in cost of sales in the Company’s statement of operations as of December 31, 2020, and $102 is included in general and administration and $597 is included in cost of sales in the Company’s statement of operations as of December 31, 2019)   $ 699     $ 699  
                 
Other Information                
Weighted average remaining lease term – operating leases (in years)     2.4       3.4  
Average discount rate – operating leases     3.75 %     3.75 %

Schedule of Supplemental Balance Sheet Information

The supplemental balance sheet information related to leases for the period is as follows:

 

    At December 31,
2020		     At December 31,
2019		  
Operating leases                
Long-term right-of-use assets, net of accumulated amortization of $1,265 and $154, respectively   $ 1,563     $ 2,187  
                 
Current portion of operating lease liabilities   $ 670     $ 618  
Noncurrent portion of operating lease liabilities     990       1,660  
Total operating lease liabilities   $ 1,660     $ 2,278  

Schedule of Maturities of Lease Liabilities

Maturities of the Company’s lease liabilities are as follows:

 

Year Ending   Operating Leases  
2021     721  
2022     747  
2023     272  
Total lease payments     1,740  
Less: Imputed interest/present value discount     (80 )
Present value of lease liabilities   $ 1,660