Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.20.2
LEASES (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Lessee, Operating Lease, Lease Terms The Company's weighted average remaining lease term and weighted average discount rate for operating leases as of September 30, 2020 is shown below:
September 30, 2020
Weighted average remaining lease term (years) 3.80
Weighted average discount rate (%) 4.75  %
Lessee, Operating Lease, Liability, Maturity The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the total operating lease liabilities recognized on the condensed consolidated balance sheets as of September 30, 2020:
September 30, 2020
October 1, 2020 through December 31, 2020 $ 183,000 
2021 748,000 
2022 557,000 
2023 555,000 
2024 517,000 
Total minimum lease payments 2,560,000 
Less: lease concessions included in undiscounted cash flows (141,000)
Less: imputed interest (202,000)
Total operating lease liabilities $ 2,217,000