Annual report pursuant to Section 13 and 15(d)

Commitments And Contingencies (Tables)

v3.21.1
Commitments And Contingencies (Tables)
12 Months Ended
Dec. 31, 2020
Commitments And Contingencies  
Schedule of Right Of Use Asset and Lease Liability

Balance sheet information related to leases as of December 31, 2020:

 

Assets    
Operating lease right-of-use asset   $ 28,000  
         
Liabilities        
Operating lease liability – current portion   $ 54,000  
Operating lease liability – long-term portion     —    
         

 

Other information related to leases as of December 31, 2020.

 

Operating lease cost   $ 64,000  
         
Weighted average remaining lease term – Operating leases                   5 months  
Weighted average discount rate – Operating leases     6 %
 
Scheduled Maturities of Operating Lease Liabilities Outstanding

Maturities of operating lease liabilities as of December 31, 2020 were as follows:

 

Year   Amount
2021    $               64,000
Total minimum future lease payments                     64,000
Present value adjustment                    (10,000)
Present value of lease liability    $               54,000