Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASE OBLIGATIONS (Tables)

v3.22.1
OPERATING LEASE OBLIGATIONS (Tables)
3 Months Ended
Mar. 31, 2022
OPERATING LEASE OBLIGATIONS  
Schedule of rent expense and quantitative information

    

Three-Month Periods Ended March 31, 

    

($’s in thousands)

    

2022

    

2021

    

Lease cost

Operating lease cost

26

23

Variable lease cost

1

1

Total lease cost

$

27

$

24

    

Three-Month Periods Ended March 31, 

 

    

($’s in thousands)

    

2022

    

2021

 

    

Operating cash flows from operating leases

$

25

$

18

Weighted-average remaining lease term - operating leases

 

0.8

 

1.3

Weighted-average discount rate - operating leases

 

4.0

%  

 

4.0

%

Schedule of future minimum lease payments under lease agreements

Future Lease

($ 's in thousands)

Liability

Three-Month Period Ended March 31, 2022

$

75

Total

 

75

Less: present value discount

 

(1)

Operating lease liabilities

$

74