Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.23.3
LEASES (Tables)
 9 Months Ended
Sep. 30, 2023
Leases  
SCHEDULE OF LEASE RELATED ASSETS AND LIABILITIES

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

 

    Classification on the Balance Sheet   September 30, 2023     December 31, 2022  
                 
Assets                    
Operating lease assets   Operating lease right of use assets     1,978       2,439  
Total lease assets       $ 1,978     $ 2,439  
                     
Liabilities                    
Current                    
Operating lease liabilities   Other accrued expenses     414       578  
Total current lease liabilities       $ 414     $ 578  
Noncurrent                    
Operating lease liabilities   Operating lease liabilities, net of current portion     1,556       1,848  
Total long-term lease liabilities         1,556       1,848  
Total lease liabilities       $ 1,970     $ 2,426  
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, 2023:

 

    Operating Leases  
2023 - remaining three months   $ 179  
2024     575  
2025     450  
2026     550  
2027-2028     825  
Total minimum lease payments     2,579  
Less: amount of lease payments representing effects of discounting     609  
Present value of future minimum lease payments     1,970  
Less: current obligations under leases     414  
Long-term lease obligations   $ 1,556