Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.20.4
Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Summary of Right-of-Use Assets and Lease Liabilities

Information related to the Company’s right-of-use assets and related lease liabilities is as follows:

 

 

 

December 31, 2020

 

 

December 31, 2019

 

Cash paid for operating lease liabilities

 

$

1,116

 

 

$

826

 

Right-of-use assets obtained in exchange for new operating lease obligation (1)

 

 

 

 

 

7,622

 

(1) All operating lease included above were held at January 01, 2019

 

 

 

 

 

 

 

 

 

 

 

December 31, 2020

 

 

December 31, 2019

 

Weighted-average remaining lease term

 

13.2 years

 

 

12.5 years

 

Weighted-average discount rate

 

 

7.5

%

 

 

7.6

%

Right-of-use assets and lease liabilities for the Company’s operating leases were recorded in the consolidated balance sheet as follows, representing the Company’s right to use the underlying asset for the lease term (“Other assets”) and the Company’s obligation to make lease payments (“Other current liabilities” and “Other liabilities”):

 

 

December 31, 2020

 

December 31, 2019

Other assets

 

$5,261

 

$7,144

 

 

 

 

 

Other current liabilities

 

$573

 

$580

Other liabilities

 

5,172

 

6,748

Total lease liabilities

 

$5,745

 

$7,328

 

Schedule of Future Lease Payments Included in Measurement of Lease Liabilities on Condensed Consolidated Balance Sheet

Future lease payments included in the measurement of lease liabilities on the consolidated balance sheet as of December 31, 2020 for the following five fiscal years and thereafter were as follows:  

 

Due in 12 month period ended December 31,

 

 

2021

 

$962

2022

 

736

2023

 

741

2024

 

745

2025

 

675

Thereafter

 

4,791

 

 

$8,650

Less imputed interest

 

(2,905)

Total lease liabilities

 

$5,745