Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.22.1
LEASES (Tables)
 3 Months Ended
Mar. 31, 2022
Leases  
SCHEDULE OF FINANCING AND OPERATING LEASES

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

 

    Classification on the Balance Sheet   March 31, 2022  
        (unaudited)  
Assets            
Financing lease assets   Property and equipment, net   $ 620  
Operating lease assets   Operating lease right of use assets     3,760  
Total lease assets       $ 4,380  
             
Liabilities            
Current            
Financing lease liabilities   Other accrued expenses   $ 70  
Operating lease liabilities   Other accrued expenses     999  
Total current lease liabilities       $ 1,069  
Noncurrent            
Financing lease liabilities   Other long-term liabilities     41  
Operating lease liabilities   Operating lease liabilities, net of current portion     2,928  
Total long-term lease liabilities         2,969  
Total lease liabilities       $ 4,038  
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 March 31, 2022:

 

    Operating Leases     Financing Leases  
2022   $ 961     $ 58  
2023     897       60  
2024     567       -  
2025     402       -  
2026-2030     1,924          
Total minimum lease payments     4,751       118  
Less: amount of lease payments representing effects of discounting     824       7  
Present value of future minimum lease payments     3,927       111  
Less: current obligations under leases     999       70  
Long-term lease obligations   $ 2,928     $ 41  
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE LEASES

As of March 31, 2022, 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   $ 4,751     $ 961     $ 1,464     $ 816     $ 1,510  
Total   $ 4,751     $ 961     $ 1,464     $ 816     $ 1,510