Leases (Tables)
|
9 Months Ended |
12 Months Ended |
Sep. 30, 2021 |
Dec. 31, 2020 |
| Leases |
|
|
| Schedule of Lease Related Assets and Liabilities |
The
table below presents the lease related assets and liabilities recorded on the Company’s Consolidated Balance Sheets as of September
30, 2021 and December 31, 2020:
Schedule of Lease Related Assets and Liabilities
| Classification on the Balance Sheet |
|
September 30,
2021 |
|
|
December 31,
2020 |
|
| |
|
(in thousands) |
|
| Operating lease right of use assets |
|
$ |
26 |
|
|
$ |
45 |
|
| Total lease assets |
|
$ |
26 |
|
|
$ |
45 |
|
| |
|
|
|
|
|
|
|
|
| Current operating lease liabilities |
|
$ |
26 |
|
|
$ |
25 |
|
| |
|
|
|
|
|
|
|
|
| Long-term operating lease liabilities |
|
$ |
— |
|
|
$ |
20 |
|
| Total lease liabilities |
|
$ |
26 |
|
|
$ |
45 |
|
|
The
table below presents the lease related assets and liabilities recorded on the Consolidated Balance Sheets as of December 31, 2020 and
2019:
Schedule of Lease Related Assets and Liabilities
| (in thousands) |
|
Classification on the Balance Sheet |
|
December 31,
2020
|
|
|
December 31,
2019
|
|
| Assets |
|
|
|
|
|
|
|
|
|
|
| Operating lease assets |
|
Operating lease right of use assets |
|
$ |
45 |
|
|
$ |
122 |
|
| |
|
Total lease assets |
|
$ |
45 |
|
|
$ |
122 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
| Current liabilities: |
|
|
|
|
|
|
|
|
|
|
| Operating lease liabilities |
|
Current operating lease liabilities |
|
$ |
25 |
|
|
$ |
86 |
|
| Noncurrent liabilities: |
|
|
|
|
|
|
|
|
|
|
| Operating lease liabilities |
|
Long-term operating lease liabilities |
|
$ |
20 |
|
|
$ |
27 |
|
| |
|
Total lease liabilities |
|
$ |
45 |
|
|
$ |
113 |
|
|
| Schedule of Operating Lease Cost |
The
table below presents the lease related costs recorded on the Company’s Consolidated Statements of Operations for the three and
nine months ended September 30, 2021 and 2020:
Schedule of Operating Lease Cost
| Classification |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
| |
|
Three Months Ended
September 30, |
|
|
Nine Months Ended
September 30, |
|
| Classification |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
| |
|
(in thousands) |
|
|
(in thousands) |
|
| General and administrative expenses |
|
$ |
7 |
|
|
$ |
12 |
|
|
$ |
20 |
|
|
$ |
22 |
|
| Total lease cost |
|
$ |
7 |
|
|
$ |
12 |
|
|
$ |
20 |
|
|
$ |
22 |
|
|
The
table below presents the lease related costs recorded on the Consolidated Statement of Operation and Comprehensive Income for the years
ended December 31, 2020 and 2019:
Schedule of Operating Lease Cost
| (in thousands) |
|
|
|
Years Ended December 31, |
|
| Lease cost |
|
Classification |
|
2020 |
|
|
2019 |
|
| Operating lease cost |
|
General and administrative expenses |
|
$ |
45 |
|
|
$ |
60 |
|
| |
|
Total lease cost |
|
$ |
45 |
|
|
$ |
60 |
|
|
| Schedule of Cash Flow Information Related to Leases |
The
table below presents supplemental cash flow information related to leases for the nine months ended September 30, 2021 and 2020:
Schedule of Cash Flow Information Related to Leases
| |
|
Nine Months Ended
September 30, |
|
| |
|
2021 |
|
|
2020 |
|
| |
|
(in thousands) |
|
| Cash paid for amounts included in the measurement of lease liabilities: |
|
|
|
|
|
|
| Operating cash flows for operating leases |
|
$ |
20 |
|
|
$ |
15 |
|
| Supplemental non-cash amounts of lease liabilities arising from obtaining right-of-use assets/(decrease) of lease liability due to cancellation of leases |
|
|
— |
|
|
|
(34 |
) |
|
The
table below presents supplemental cash flow information related to leases for the years ended December 31, 2020 and 2019:
Schedule of Cash Flow Information Related to Leases
| |
|
Years Ended December 31, |
|
| (in thousands) |
|
2020 |
|
|
2019 |
|
| Cash paid for amounts included in the measurement of lease liabilities: |
|
|
|
|
|
|
|
|
| Operating cash flows for operating leases |
|
$ |
41 |
|
|
$ |
61 |
|
| Supplemental non-cash amounts of lease liabilities arising from obtaining right-of-use assets/(decrease) of lease liability due to cancellation of leases |
|
$ |
(31 |
) |
|
$ |
176 |
|
|
| Schedule of Weighted Average Remaining Lease Terms and Weighted Average Discount Rates |
The
table below presents certain information related to the weighted average remaining lease terms and weighted average discount rates for
the Company’s operating leases as of September 30, 2021 and December 31, 2020:
Schedule of Weighted Average Remaining Lease Terms and Weighted Average Discount Rates
| |
|
September 30,
2021 |
|
|
December 31,
2020 |
|
| Weighted average remaining lease term - operating leases |
|
|
1.00 years |
|
|
|
1.75 years |
|
| Weighted average discount rate - operating leases |
|
|
12.00 |
% |
|
|
12.00 |
% |
|
The
table below presents certain information related to the weighted average remaining lease terms and weighted average discount rates for
our operating leases as of December 31, 2020:
Schedule of Weighted Average Remaining Lease Terms and Weighted Average Discount Rates
| |
|
December 31, |
|
|
December 31, |
|
| |
|
2020 |
|
|
2019 |
|
| Weighted average remaining lease term - operating leases |
|
|
1.75 years |
|
|
|
1.67 years |
|
| Weighted average discount rate - operating leases |
|
|
12.00 |
% |
|
|
12.00 |
% |
|
| Schedule of Reconciles the Fixed Component of the Undiscounted Cash Flows |
|
The
table below reconciles the fixed component of the undiscounted cash flows for each of the first five years and the total remaining years
to the operating lease liabilities recorded on the Consolidated Balance Sheet as of December 31, 2020:
Schedule of Reconciles the Fixed Component of the Undiscounted Cash Flows
| Amounts due in |
|
Operating
Leases
|
|
| |
|
(in thousands) |
|
| 2021 |
|
$ |
25 |
|
| 2022 |
|
|
20 |
|
| 2023 |
|
|
— |
|
| Total minimum lease payments |
|
|
45 |
|
| Less: effect of discounting |
|
|
— |
|
| Present value of future minimum lease payments |
|
|
45 |
|
| Less: current obligations under leases |
|
|
(25 |
) |
| Long-term lease obligations |
|
$ |
20 |
|
|