LEASES

9 Months Ended

Sep. 30, 2021

LEASES

LEASES

10. LEASES

The following table summarizes the Company’s lease related costs for the nine months ended September 30, 2021 and 2020:

		Operating (in thousands)
Lease Cost	Statement of Operations Location		2021		2020
Operating Lease Cost	General and administrative	$	126	$	121
Total Lease Cost		$	126	$	121

Average lease terms and discount rates for the Company’s operating leases were as follows:

	Nine Months Ended		Nine Months Ended
	September 30,		September 30,
Other Information	2021		2020
Weighted-average remaining lease term
Operating leases		3.00 years		4.08 years
Weighted-average discount rate
Operating leases		5.69%		5.69%

The following table summarizes the maturities of lease liabilities as of September 30, 2021:

	Operating
Year	(in thousands)
2021	$	128
2022		507
2023		515
2024		423
Thereafter		—
Total lease payments		1,573
Less: interest		134
Total lease liabilities	$	1,439