LEASES (Tables)

3 Months Ended

Mar. 31, 2021

LEASES

Schedule of Maturity Analysis of the Operating Lease Liabilities

	Operating lease
Years ending December 31, (in thousands)	Obligation
2021	$	438
2022		595
2023		606
2024		622
2025		640
2026 and thereafter		2,233
Total undiscounted lease payments		5,134
Less imputed interest		(570)
Lease liability	$	4,564
Right-of-use asset	$	4,564

Schedule of Lease Cost

	Three months ended			Three months ended
	March 31, 2021			March 31, 2020
Lease cost
Operating lease cost	$	135		$	128
Short-term lease cost		6			6
Total lease cost	$	141		$	134
Other information
Operating cash outflows from operating leases	$	135		$	128
Weighted-average remaining lease term - operating leases		8.6	years		9.6	years
Weighted average discount rate - operating leases		2.8	%		2.8	%