General form of registration statement for all companies including face-amount certificate companies

Operating leases (Q3) (Tables)

v3.20.2
Operating leases (Q3) (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Operating leases [Abstract]    
Certain Information Related to Lease Costs for Operating Leases
Note 8 - Operating Leases

The table below presents certain information related to the lease costs for operating leases for the three and nine months ended September 30, 2020 and 2019:

Dollars in thousands
 
For the Nine Months Ended
   
For the Three Months Ended
 
 
September 30,
2020
   
September 30,
2019
   
September 30,
2020
   
September 30,
2019
 
Operating lease costs
 
$
331
   
$
219
   
$
110
   
$
95
 
Variable lease costs
   
27
     
24
     
11
     
8
 
Total operating lease costs
 
$
358
   
$
243
   
$
121
   
$
103
 
The table below presents certain information related to the lease costs for operating leases for the years ended December, 31 2019 and 2018.

   
Year ended December 31,
 
Dollars in thousands
 
2019
   
2018
 
Operating lease costs
   
369
     
189
 
Variable lease costs
   
31
     
42
 
Total operating lease costs
 
$
400
     
231
 
Undiscounted Cash Flows for the Remaining Term of the Operating Lease Liabilities
The table below reconciles the undiscounted cash flows for the remaining term of the operating lease liabilities recorded on the condensed consolidated balance sheets:

Dollars in thousands
 
Operating Leases
 
Remainder of 2020
 
$
114
 
2021
   
464
 
2022
   
246
 
2023
   
7
 
Total minimum lease payments
 
$
831
 
Less: amount of lease payments representing interest
   
86
 
Present value of future minimum lease payments
 
$
745
 
Less: current obligations under leases
   
395
 
Long-term lease obligations
 
$
350
 
The table below reconciles the undiscounted cash flows for each of the first four years and total of the remaining years to the operating lease liabilities recorded on the balance sheet.

Operating Leases
 
2020
   
444
 
2021
   
459
 
2022
   
240
 
2023
   
5
 
Total minimum lease payments
   
1,148
 
Less: amount of lease payments representing interest
   
162
 
Present value of future minimum lease payments
 
$
986
 
Less: current obligations under leases
   
345
 
Long-term lease obligations
 
$
641