Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.21.2
LEASES (Tables)
 9 Months Ended
Sep. 30, 2021
Leases  
SCHEDULE OF FINANCING AND OPERATING LEASES

The table below presents the lease-related assets and liabilities recorded in the Condensed Consolidated Balance Sheet:

SCHEDULE OF FINANCING AND OPERATING LEASES 

    Classification on the Balance Sheet   September 30,
2021		     December 31,
2020		  
          (unaudited)          
Assets                    
Financing lease assets   Property and equipment, net   $ 652     $ 597  
Operating lease assets   Operating lease right of use assets     3,989       4,384  
Total lease assets       $ 4,641     $ 4,981  
                     
Liabilities                    
Current                    
Financing lease liabilities   Other accrued expenses   $ 98     $ 177  
Operating lease liabilities   Other accrued expenses     1,030       1,027  
Total current lease liabilities       $ 1,128     $ 1,204  
Noncurrent                    
Financing lease liabilities   Other long-term liabilities     75       138  
Operating lease liabilities   Operating lease liabilities, net of current portion     3,152       3,540  
Total long-term lease liabilities         3,227       3,678  
Total lease liabilities       $ 4,355     $ 4,882  
SCHEDULE OF MATURITIES OF OPERATING AND FINANCING LEASE LIABILITIES

The table below reconciles the cash flows to the lease liabilities recorded on the Company’s Condensed Consolidated Balance Sheet as of September 30, 2021:

SCHEDULE OF MATURITIES OF OPERATING AND FINANCING LEASE LIABILITIES 

    Operating Leases     Financing Leases  
2021 (remaining through December 31)     312       39  
2022     1,192       86  
2023     794       60  
2024     473       -  
2025     402       -  
2026     414       -  
Thereafter     1,510       -  
Total minimum lease payments     5,097       185  
Less: amount of lease payments representing effects of discounting     915       12  
Present value of future minimum lease payments     4,182       173  
Less: current obligations under leases     1,030       98  
Long-term lease obligations   $ 3,152     $ 75  
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE LEASES

As of September 30, 2021, contractual obligations with terms exceeding one year and estimated minimum future rental payments required by non-cancelable operating leases with initial or remaining lease terms exceeding one year were as follows:

 

 

          Less than     1 to 3     3 to 5     After  
    Total     1 Year     Years     Years     5 Years  
Operating lease obligations   $ 5,097     $ 312     $ 1,986     $ 875     $ 1,924  
Total   $ 5,097     $ 312     $ 1,986     $ 875     $ 1,924