Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.22.2
LEASES (Tables)
 6 Months Ended
Jun. 30, 2022
Leases  
SCHEDULE OF COMPONENTS OF LEASE EXPENSE

The components of lease expense for the three and six months ended June 30, 2022 and 2021 were as follows (in thousands):

 

                                 
    Three months ended     Six months ended  
    June 30,     June 30,     June 30,     June 30,  
    2022     2021     2022     2021  
                         
Operating lease expense   $ 298     $ 277     $ 575     $ 544  
                                 
Finance lease expenses:                                
Amortization of right of use assets   $ 40     $ 8     $ 59     $ 16  
Interest on lease liabilities     10       1       17       3  
Total finance lease expense   $ 50     $ 9     $ 76     $ 19  
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER ALL NON CANCELABLE OPERATING LEASES

Future minimum lease payments as of June 30, 2022 under all non-cancelable leases having an initial or remaining term of more than one year were (in thousands):

 

                 
    Operating     Finance  
    leases     leases  
             
Remainder of 2022   $ 571     $ 90  
2023     1,264       176  
2024     1,199       153  
2025     1,179       150  
2026     1,129       22  
Thereafter     3,214       -  
Total lease payments     8,556       591  
Less: imputed interest     (2,935 )     (73 )
    $ 5,621     $ 518