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Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases - Schedule of Lease Costs

In the years 2022, 2021, and 2020 we recognized rent expenses associated with our leases as follows:

Leases - Schedule of Lease Costs

	12 months ended December 31,		12 months ended December 31,		12 months ended December 31,
USD'000	2022		2021		2020
Finance lease cost:
Amortization of right-of-use assets	33		68		66
Interest on lease liabilities	1		7		12
Operating lease cost:
Fixed rent expense	587		695		602
Short-term lease cost	2		7		22
Net lease cost from continuing operations	623		777		702
Lease cost - Cost of sales Cost of Sales	-		-		-
Lease cost - General & administrative expenses General & Administrative Expenses	623		777		702
Net lease cost from continuing operations	623		777		702

Leases - Schedule of Cash and Non-Cash Activities Associated with Leases

In the years 2022 and 2021, we had the following cash and non-cash activities associated with our leases:

Leases - Schedule of Cash and Non-Cash Activities Associated with Leases

	As at December 31,		As at December 31,
USD'000	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	61		114
Operating cash flows from operating leases	610		580
Financing cash flows from finance leases	1		7
Non-cash investing and financing activities :
Net lease cost	623		777
Additions to ROU assets obtained from:
New finance lease liabilities	-		-
New operating lease liabilities	56		1,197

Leases - Schedule of Future Minimum Lease Payments

As at December 31, 2022, future minimum annual lease payments were as follows:

Leases - Schedule of Future Minimum Lease Payments

	USD'000	USD'000	USD'000	USD'000
Year	Operating	Short-term	Finance	Total
2023	604	1	-	605
2024	584	-	-	584
2025	575	-	-	575
2026	530	-	-	530
2027 and beyond	442	-	-	442
Total future minimum operating and short-term lease payments	2,735	1	-	2,736
Less effects of discounting	(416)	-	-	(416)
Less effects of practical expedient	-	(1)	-	(1)
Lease liabilities recognized	2,319	-	-	2,319

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980

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- References

No definition available.

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980

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X

- Definition

Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

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