| 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 |
|
|
The
table below presents the lease-related assets and liabilities recorded in the Consolidated Balance Sheet:
SCHEDULE OF FINANCING AND OPERATING LEASES
| |
|
Classification
on the Balance Sheet |
|
December
31, 2020 |
|
| |
|
|
|
(unaudited) |
|
| Assets |
|
|
|
|
|
|
| Financing lease assets |
|
Property and equipment,
net |
|
$ |
597 |
|
| Operating lease
assets |
|
Operating lease
right of use assets |
|
|
4,384 |
|
| Total lease assets |
|
|
|
$ |
4,981 |
|
| |
|
|
|
|
|
|
| Liabilities |
|
|
|
|
|
|
| Current |
|
|
|
|
|
|
| Financing lease
liabilities |
|
Other accrued expenses |
|
$ |
177 |
|
| Operating
lease liabilities |
|
Other accrued
expenses |
|
|
1,027 |
|
| Total current lease
liabilities |
|
|
|
$ |
1,204 |
|
| Noncurrent |
|
|
|
|
|
|
| Financing lease
liabilities |
|
Other long-term liabilities |
|
|
138 |
|
| Operating
lease liabilities |
|
Operating lease
liabilities, net of current portion |
|
|
3,540 |
|
| Total
long-term lease liabilities |
|
|
|
|
3,678 |
|
| Total lease liabilities |
|
|
|
$ |
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 |
|
|
The
table below reconciles the undiscounted cash flows to the lease liabilities recorded on the Company’s Consolidated Balance
Sheet as of December 31, 2020:
Schedule of Maturities of Operating and Financing Lease Liabilities
| |
|
Operating
Leases |
|
|
Financing
Leases |
|
| 2021 |
|
|
1,235 |
|
|
|
185 |
|
| 2022 |
|
|
1,028 |
|
|
|
78 |
|
| 2023 |
|
|
629 |
|
|
|
65 |
|
| 2024 |
|
|
390 |
|
|
|
- |
|
| 2024-2030 |
|
|
2,327 |
|
|
|
|
|
| Total minimum lease payments |
|
|
5,609 |
|
|
|
329 |
|
| Less: amount
of lease payments representing effects of discounting |
|
|
1,042 |
|
|
|
14 |
|
| Present value of future minimum lease
payments |
|
|
4,567 |
|
|
|
315 |
|
| Less: current
obligations under leases |
|
|
1,027 |
|
|
|
177 |
|
| Long-term lease
obligations |
|
$ |
3,540 |
|
|
$ |
138 |
|
|
| 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:
SCHEDULE
OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE LEASES
| |
|
|
|
|
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 |
|
|
|