Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.4
Leases (Tables)
3 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of Financial Statement Classification of Lease Balances Within Condensed Consolidated Balance Sheets

The following table provides information about the financial statement classification of our lease balances reported within the Condensed Consolidated Balance Sheets as of December 31, 2020 and September 30, 2020, in thousands:

 

 

 

December 31,

2020

 

 

September 30,

2020

 

Assets

 

 

 

 

 

 

 

 

Operating lease assets

 

$

5,155

 

 

$

5,124

 

Finance lease assets

 

 

23

 

 

 

26

 

Total lease assets

 

$

5,178

 

 

$

5,150

 

Liabilities

 

 

 

 

 

 

 

 

Current

 

 

 

 

 

 

 

 

Operating lease liabilities

 

$

131

 

 

$

113

 

Finance lease liabilities

 

 

10

 

 

 

11

 

Non-current

 

 

 

 

 

 

 

 

Operating lease liabilities

 

 

5,077

 

 

 

5,048

 

Finance lease liabilities

 

 

13

 

 

 

16

 

Total lease liabilities

 

$

5,231

 

 

$

5,188

 

 

Schedule of Financial Statement Classification of Lease Expenses Reported in Condensed Consolidated Statements of Operations

The following table provides information about the financial statement classification of our lease expenses reported in the Condensed Consolidated Statements of Operations for the three months ended December 31, 2020 and 2019, in thousands:

 

 

 

 

Three Months Ended December 31,

 

Lease cost

 

Classification

 

2020

 

 

2019

 

Operating lease cost

 

Cost of sales

 

$

71

 

 

$

63

 

Operating lease cost

 

Selling, general and administrative expenses

 

 

48

 

 

 

13

 

Finance lease cost

 

Cost of sales

 

 

2

 

 

 

5

 

Finance lease cost

 

Selling, general and administrative expenses

 

 

2

 

 

 

2

 

Short-term lease cost

 

Cost of sales

 

 

27

 

 

 

 

Total lease cost

 

 

 

$

150

 

 

$

83

 

 

Schedule of Future Minimum Lease Payments Under Non-cancelable Leases Including Leases

Future minimum lease payments under non-cancelable leases as of December 31, 2020 are as follows, in thousands:

 

 

 

Operating leases

 

 

Finance Leases

 

 

Total

 

Remainder of 2021

 

$

265

 

 

$

8

 

 

$

273

 

2022

 

 

349

 

 

 

8

 

 

 

357

 

2023

 

 

336

 

 

 

6

 

 

 

342

 

2024

 

 

315

 

 

 

2

 

 

 

317

 

2025

 

 

298

 

 

 

 

 

 

298

 

Thereafter

 

 

6,944

 

 

 

 

 

 

6,944

 

Total lease payments

 

 

8,507

 

 

 

24

 

 

 

8,531

 

Less:  Interest

 

 

3,299

 

 

 

1

 

 

 

3,300

 

Present value of lease liabilities

 

 

5,208

 

 

 

23

 

 

$

5,231

 

Schedule of Weighted Average Remaining Term and Discount Rates

The following table provides information about the remaining lease terms and discount rates applied as of December 31, 2020:

 

 

 

December 31,

2020

 

Weighted average remaining lease term

 

 

 

 

Operating leases

 

23.60 years

 

Finance leases

 

2.69 years

 

Weighted average discount rate

 

 

 

 

Operating leases

 

 

4.17

%

Finance leases

 

 

4.17

%