LEASES (Tables)

3 Months Ended

Mar. 31, 2019

LEASES

Schedule of component of lease expense and supplemental cash flow and balance sheet information

The components of lease expense were as follows:

	March 31
(thousands of dollars)	2019
Operating lease cost	$	40

Supplemental cash flow information related to leases was as follows:

	Three Months Ended
(thousands of dollars)	March 31, 2019
Cash paid for amounts included in lease liabilities:
Operating cash flows from operating leases	$	39
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	569

Supplemental balance sheet information related to leases was as follows:

	March 31,
(thousands of dollars, except lease term and discount rate)	2019
Operating Leases
Operating lease right-of-use assets	$	569
Current portion of lease liabilities	$	151
Operating lease liabilities – long term portion		424
Total operating lease liabilities	$	575

		March 31,
		2019
Weighted Average Remaining Lease Term	Operating leases	4.4	Years
Discount Rate	Operating leases	9.5	%

Schedule of lease payments

	Lease payments by year	Operating
	(In thousands)	Leases
	2019	$	117
	2020		159
	2021		161
	2022		162
	2023		94
Maturities of lease liabilities are as follows:	Total lease payments		693
	Less imputed interest		(118)
	Total	$	575