Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASES (Tables)

v3.22.2.2
OPERATING LEASES (Tables)
 9 Months Ended
Sep. 30, 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:

 

    2022     2021  
    Nine Months Ended September 30,  
    2022     2021  
Lease cost                
Operating lease cost (included in general and administrative expenses in the Company’s condensed consolidated statements of operations)   $ 373     $ 524  
                 
Other information                
Cash paid for amounts included in the measurement of lease liabilities   $ 458     $ 593  
Weighted average remaining lease term – operating leases (in years)     3.99       4.15  
Weighted average discount rate – operating leases     4.2 %     4.0 %
SCHEDULE OF OPERATING LEASES

 

    September 30, 2022     December 31, 2021  
Operating leases                
Right-of-use assets   $ 1,624     $ 2,177  
                 
Short-term operating lease liabilities   $ 481     $ 592  
Long-term operating lease liabilities     1,705       2,299  
Total operating lease liabilities   $ 2,186     $ 2,891  
SCHEDULE OF PRESENT VALUE OF LEASE LIABILITIES

 

Year ending   Operating Leases  
2022 remaining   $ 150  
2023     583  
2024     472  
2025     484  
2026 and thereafter     705  
Total lease payments     2,394  
Less: Imputed interest/present value discount     (208 )
Present value of lease liabilities   $ 2,186