Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.20.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of operating leases

An initial right-of-use asset of $1,065 was recognized as a non-cash asset and operating lease liabilities of $1,074 was recognized as a non-cash liability addition with the adoption of the new lease standard. An initial right-of-use asset and liability in the amount of $176 was recognized as a non-cash asset and operating lease liability upon the exercise of its option to extend the Israel lease. Cash paid for amounts included in the present value of operating lease liabilities was $347 during the year ended December 31, 2019.

 

Other information:

 

Weighted average remaining lease term – operating leases, in years     4.10  
Weighted average discount rate – operating leases     7.67 %

 
Schedule of payments under non-cancellable operating leases

Future minimum lease payments under non-cancellable operating leases as of December 31, 2019 were as follows:

 

Twelve Months Ended December 31,   Amount  
2020   $ 331  
2021     278  
2022     264  
2023     184  
2024     142  
Total future minimum lease payments   $ 1,199  
Imputed interest     (165 )
Total liability   $ 1,034  

 

Future minimum lease payments under non-cancellable operating leases as of December 31, 2018 were as follows:

 

Twelve Months Ended December 31,   Amount  
2019   $ 376  
2020     282  
2021     207  
2022     181  
2023     184  
Thereafter     157  
Total liability   $ 1,387