ACCOUNTS PAYABLE AND ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

9 Months Ended

Sep. 30, 2020

Payables and Accruals [Abstract]

ACCOUNTS PAYABLE AND ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

8. ACCOUNTS PAYABLE AND ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

The following table presents the major components of accounts payable and accrued expenses (in thousands):

	September 30, 2020		December 31, 2019
Accounts payable	$	1,384	$	1,689
Salaries and other compensation		1,362		1,462
Legal and accounting		317		1,404
Accrued severance		571		1,053
Benefit plan accrual		588		557
Other		596		930
Total accounts payable and accrued expenses	$	4,818	$	7,095

Other current liabilities are comprised of the current portion of operating lease liabilities and finance lease liabilities, and short-term debt. The short-term debt had a balance of $0.3 million as of September 30, 2020, while the other components are disclosed in Note 7 above. The short-term debt balance is related to two financing arrangements entered into during the nine months ended September 30, 2020 to fund an insurance contract. Under the financing arrangements, the Company borrowed $0.8 million and $0.2 million. The amounts will be repaid in nine equal monthly installments, with an interest rate of 4.25% and 6.35%, respectively.