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

Operating leases (FY) (Tables)

v3.20.2
Operating leases (FY) (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Operating leases [Abstract]    
Operating Lease-related Assets and Liabilities  
The table below presents the lease-related assets and liabilities recorded upon adoption:

     
January 1,
 
Dollars in thousands
Classification on the balance sheet 2019
 
2019
 
Assets
       
Operating lease right-of-use assets
Operating lease right-of-use assets
 
421
 
           
Liabilities
         
Current - operating
Operating lease liability short term
   
87
 
Noncurrent - operating
Operating lease liability long term
   
342
 
Total lease liabilities
   
$
429
 
Lease Cost
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
 
Maturity of 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
 
Future Minimum Lease Payments under Contractually-Obligated Leases  
Future minimum lease payments under contractually-obligated leases as of December 31, 2018 were as follows (in thousands):

Year ending December 31,

2019
 
$
257
 
2020
   
296
 
2021
   
296
 
2022
   
123
 
2023
   
-
 
   
$
972