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LEASE LIABILITIES | 12 Months Ended
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Dec. 31, 2021
LEASE LIABILITIES |
LEASE LIABILITIES | NOTE 10 LEASE LIABILITIES The Company’s lease obligations include equipment, vehicles and office space. Leased assets are included in plant and equipment (Note 8). The terms and conditions contained in the Company’s leases do not contain variable components. Lease liabilities as at December 31, 2021 and 2020 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Total discounted lease liabilities
​ | ​ | December 31, 2021 | ​ | December 31, 2020
Finance leases | ​ | $ | 3,833 | ​ | $ | 4,735
Operating lease | ​ | ​ | 583 | ​ | ​ | 761
Lease liabilities | ​ | $ | 4,416 | ​ | $ | 5,496
Current portion | ​ | ​ | (2,901) | ​ | ​ | (2,440)
Long-term portion | ​ | $ | 1,515 | ​ | $ | 3,056
​ Lease liabilities as at December 31, 2021 are recorded using a weighted average discount rate of 6.67% and 8.73%, respectively, for finance and operating leases and have average remaining lease terms of 1 year and three years, respectively. During the year ended December 31, 2021, the Company recorded $2.0 million (December 31, 2020 – $1.3 million) in interest and other finance costs related to leases. A breakdown of the lease related costs for the year ended December 31, 2021 and 2020 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021 | ​ | December 31, 2020
Finance leases: | ​ | ​ | ​ | ​ | ​ | ​
Amortization of ROU assets | ​ | $ | 1,659 | ​ | $ | 878
Interest expense | ​ | ​ | 329 | ​ | ​ | 392
Total | ​ | $ | 1,988 | ​ | $ | 1,270
​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease: | ​ | ​ | ​ | ​ | ​ | ​
Rent expense | ​ | $ | 135 | ​ | $ | 194
​ Future minimum undiscounted lease payments as at December 31, 2021 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Payments due by period
​ |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | Total
Operating lease obligation | ​ | $ | 246 | ​ | $ | 250 | ​ | $ | 167 | ​ | $ | — | ​ | $ | — | ​ | $ | 663
Finance lease obligations | ​ |  | 2,704 | ​ |  | 808 | ​ |  | 274 | ​ |  | — | ​ |  | — | ​ |  | 3,785
Total future minimum lease payments | ​ | $ | 2,949 | ​ | $ | 1,058 | ​ | $ | 441 | ​ | $ | — | ​ | $ | — | ​ | $ | 4,448
Less: Imputed interest | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (32)
Total | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 4,416
​

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- References No definition available. + Details
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