Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

LEASES (Tables)

12 Months Ended

Dec. 31, 2021

The components of lease cost for the Company’s leases were as follows (in thousands):

SCHEDULE OF COMPONENTS OF LEASE COST

	2021		2020
	Twelve Months Ended December 31,
	2021		2020

Operating Leases:
Lease cost	$	499	$	456

Finance Leases:
Amortization of ROU assets		220		220
Interest on lease liability		97		143
Finance leases cost		317		363

Short-term lease rent expense		13		15

Total lease cost	$	829	$	834

SCHEDULE OF WEIGHTED AVERAGE LEASE

The weighted average remaining lease term and the weighted average discount rate for operating and finance leases at December 31, 2021 were:

SCHEDULE OF WEIGHTED AVERAGE LEASE

	Operating Leases			Finance Leases
Weighted average remaining lease terms (years)		6.9			4.0

Weighted average discount rate		7.6	%		6.2	%

The weighted average remaining lease term and the weighted average discount rate for operating and finance leases at December 31, 2020 was:

	Operating Leases			Finance Leases
Weighted average remaining lease terms (years)		8.0			3.5

Weighted average discount rate		8.0	%		7.3	%

SCHEDULE OF OPERATING AND FINANCE LEASE LIABILITY MATURITY

The following table reconciles the undiscounted cash flows for the operating and finance leases at December 31, 2021 to the operating and finance lease liabilities recorded on the balance sheet (in thousands):

	Operating Leases			Finance Leases
2022	$	576		$	398
2023		560			314
2024		419			310
2025		327			299
2026		305			82
2027 and thereafter		955			-
Total undiscounted lease payments		3,142			1,403
Less: Imputed interest		(707	)		(186	)
Present value of lease payments	$	2,435		$	1,217

Current portion of operating lease obligations	$	406		$	—
Long-term operating lease obligations, less current portion	$	2,029		$	—
Current portion of finance lease obligations	$	—		$	333
Long-term finance lease obligations, less current portion	$	—		$	884

SCHEDULE OF SUPPLEMENTAL CASH FLOW AND OTHER INFORMATION RELATED TO LEASES

Supplemental cash flow and other information related to our leases were as follows (in thousands):

	2021			2020
	Twelve Months Ended December 31,
	2021			2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating leases	$	439		$	442
Operating cash flow from finance leases	$	97		$	143
Financing cash flow from finance leases	$	334		$	615

ROU assets obtained in exchange for lease obligations for:
Finance liabilities	$	577		$	874
Operating liabilities	$	491		$	—

Reduction to ROU assets resulitng from reassessment for
Finance liabilities	$	(364	)	$	—