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LEASES (Tables)
6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Schedule of Maturity Analysis of the Operating Lease Liabilities
The following is a maturity analysis of the operating lease liabilities as of June 30, 2021:
Years ending December 31, (in thousands)Operating lease Obligation
2021$293 
2022595 
2023606 
2024622 
2025640 
2026 and thereafter
2,233 
Total undiscounted lease payments4,989 
Less imputed interest(538)
Lease liability$4,451 
Right-of-use asset$4,451 
Schedule of Lease Cost
Three months ended June 30,Six Months Ended June 30,
2021202020212020
Lease cost    
Operating lease cost$135 $133 $270 $261 
Short-term lease cost12 12 
Total lease cost$141 $139 $282 $273 
Other information
Operating cash outflows from operating leases$135 $133 $270 $261 
Weighted-average remaining lease term - operating leases8.3 years9.3 years8.3 years9.3 years
Weighted average discount rate - operating leases2.8 %2.8 %2.8 %2.8 %