LEASES (Tables)

6 Months Ended

Jun. 30, 2020

Jun. 30, 2019

LEASES

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

The components of lease expense were as follows:

	June 30
(thousands of dollars)	2019
Operating lease cost	$	81

Supplemental cash flow information related to leases was as follows:

	Six months
	ended
	June 30, 2019
Cash paid for amounts included in lease liabilities:
(thousands of dollars)
Operating cash flows from operating leases	$	77
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	541

Supplemental balance sheet information related to leases was as follows:

	June 30,
(thousands of dollars, except lease term and discount rate)	2019
Operating Leases
Operating lease right-of-use assets	$	541
Current portion of lease liabilities	$	151
Operating lease liabilities – long term portion		396
Total operating lease liabilities	$	547

		June 30,
		2019
Weighted Average Remaining Lease Term	Operating leases	4.2	Years
Discount Rate	Operating leases	9.5	%

Schedule of lease payments

	Operating
Lease payments by year (In thousands)	Leases
2019	$	79
2020		159
2021		161
2022		162
2023		94
Total lease payments		655
Less imputed interest		(108)
Total	$	547