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Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Summary of Finance Lease Cost For the years ended December 31, 2020, 2019 and 2018, total finance lease cost was comprised as follows:

 

 

 

Years ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

Amortization of right-of-use assets

 

$

24

 

 

$

 

 

$

 

Interest on lease liabilities

 

 

634

 

 

 

 

 

 

 

Total finance lease cost

 

$

658

 

 

$

 

 

$

 

 

Schedule of Finance Lease Right of Use Asset, Net of Amortization

The table below shows the Company’s finance lease right of use asset, net of amortization as of December 31, 2020 and 2019:

 

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Finance lease right of use asset, gross

 

$

5,549

 

 

$

 

Accumulated amortization

 

 

(24

)

 

 

 

Finance lease right of use asset, net of amortization

 

$

5,525

 

 

$

 

 

Schedule of Lease Payments for the Ground Lease

Lease payments for the ground lease as of December 31, 2020 for each of the five succeeding years and thereafter is as follows:

 

 

 

Lease Payments

 

2021

 

$

1,611

 

2022

 

 

1,611

 

2023

 

 

1,611

 

2024

 

 

1,744

 

2025

 

 

1,771

 

Thereafter

 

 

271,459

 

Total undiscounted lease payments

 

$

279,807

 

Less: Amount representing interest

 

 

(263,017

)

Present value of lease liability

 

$

16,790