Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.22.2.2
LEASES (Tables)
 9 Months Ended
Sep. 30, 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   September 30, 2022  
          (unaudited)  
Assets            
Financing lease assets   Property and equipment, net   $ -  
Operating lease assets   Operating lease right of use assets     867  
Total lease assets       $ 867  
             
Liabilities            
Current            
Financing lease liabilities   Other accrued expenses   $ -  
Operating lease liabilities   Other accrued expenses     668  
Total current lease liabilities       $ 668  
Noncurrent            
Financing lease liabilities   Other long-term liabilities     -  
Operating lease liabilities   Operating lease liabilities, net of current portion     184  
Total long-term lease liabilities         184  
Total lease liabilities       $ 852  
SCHEDULE OF MATURITIES OF OPERATING 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, 2022:

  

    Operating Leases  
2022   $ 208  
2023     557  
2024     125  
Total minimum lease payments     890  
Less: amount of lease payments representing effects of discounting     38  
Present value of future minimum lease payments     852  
Less: current obligations under leases     668  
Long-term lease obligations   $ 184