Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASES (Tables)

v3.22.1
OPERATING LEASES (Tables)
 3 Months Ended
Mar. 31, 2022
Operating Leases  
SCHEDULE OF LEASE COST

The components of lease expense and supplemental cash flow information related to leases for the period are as follows:

    Three Months Ended March 31,  
    2022     2021  
Lease cost                
Operating lease cost (included in general and administrative expenses in the Company’s statement of operations)   $ 107     $ 175  
                 
Other information                
Cash paid for amounts included in the measurement of lease liabilities   $ 171     $ 196  
Weighted average remaining lease term – operating leases (in years)     5.17       4.54  
Weighted average discount rate – operating leases     4.0 %     4.0 %
SCHEDULE OF OPERATING LEASES
    March 31, 2022     December 31, 2021  
Operating leases                
Right-of-use assets   $ 1,548     $ 2,177  
                 
Short-term operating lease liabilities   $ 337     $ 592  
Long-term operating lease liabilities     1,874       2,299  
Total operating lease liabilities   $ 2,211     $ 2,891  
SCHEDULE OF PRESENT VALUE OF LEASE LIABILITIES
Year ending   Operating Leases  
2022 remaining     337  
2023     460  
2024     472  
2025     484  
2026 and thereafter     705  
Total lease payments     2,458  
Less: Imputed interest/present value discount     (247 )
Present value of lease liabilities   $ 2,211