LEASES (Tables)

3 Months Ended

Mar. 31, 2020

LEASES

Components of lease expense

	Three months		Three months
	ended		ended
		March 31,		March 31,
(thousands of dollars)	2020		2019
Operating lease cost	$	40	$	40

Schedule of Supplemental Cash Flow Information Related to Operating Leases

	Three months		Three months
	ended		ended
(thousands of dollars)	March 31, 2020		March 31, 2019
Cash paid for amounts included in lease liabilities:
Operating cash flows from operating leases	$	39	$	39
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	454	$	569

Schedule of Supplemental Balance Sheet Information Relating to Operating Leases

	March 31,		December 31,
(thousands of dollars, except lease term and discount rate)	2020		2019
Operating Leases
Operating lease right-of-use assets	$	454	$	484
Current portion of lease liabilities	$	153	$	153
Operating lease liabilities – long term portion		310		340
Total operating lease liabilities	$	463	$	493

Schedule of Weighted-average Remaining Lease Term and Discount Rate for Operating Leases

	March 31,		March 31,
	2020		2019
Weighted Average Remaining Lease Term (in years)	3.5		4.4
Discount Rate	9.5	%	9.5	%

Schedule of Maturities of Lease Liabilities for Operating Leases

	March 31,
Lease payments by year (In thousands)	2020
2020 (remainder of year )	$	120
2021		161
2022		162
2023		93
Total lease payments		536
Less imputed interest		(73)
Total	$	463