Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

Leases (Tables)

12 Months Ended

Dec. 31, 2020

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