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LEASES

9 Months Ended

Sep. 30, 2022

NOTE 17 - LEASES

The Company has operating leases for office space and office equipment. The Company’s leases have remaining lease terms of one year to seven years, some of which include options to extend the lease term for up to five years.

The Company has lease arrangements which are classified as short-term in nature. These leases meet the criteria for operating lease classification. Lease costs associated with the short-term leases are included in selling, general and administrative expenses on the Company’s condensed consolidated statements of operations during the three- and nine-months ended September 30, 2021 and 2022.

Components of lease expense are as follows:

SCHEDULE OF COMPONENTS OF LEASE EXPENSE

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2022		2021		2022
Short term lease cost:	$	117	$	102	$	472	$	346

Supplemental cash flow information and non-cash activity related to our operating leases are as follows:

	2021		2022
	Nine Months Ended September 30,
	2021		2022
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations	$	2,341	$	1,042

Weighted-average remaining lease term and discount rate for our operating leases are as follows:

	September 30, 2022

Weighted-average remaining lease term (in years)		3.3
Weighted-average discount rate		4.4	%

Scheduled maturities of operating lease liabilities outstanding as of September 30, 2022 are as follows:

Year ending December 31:
October - December 2022	$	769
2023		2,616
2024		1,939
2025		1,760
2026		802
Thereafter		1,202
Total lease payments		9,088
Less: Imputed interest		(831	)
Present value of lease liabilities	$	8,257