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LEASES

9 Months Ended

Sep. 30, 2023

Leases

LEASES

NOTE 19 - LEASES

The Company has operating leases for office space and office equipment. The Company’s leases have remaining lease terms of one year to three 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, 2022 and 2023.

Components of lease expense are as follows:

SCHEDULE OF COMPONENTS OF LEASE EXPENSE

		Three Months Ended September 30,								Nine Months Ended September 30,
		2022				2023				2022				2023
Short term lease cost:		$	102			$	119			$	346			$	326

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

SCHEDULE OF CASH FLOW INFORMATION AND NON CASH ACTIVITY OF OPERATING LEASES

		Nine Months Ended September 30,
		2022				2023
Non-cash activity:		$	1,042			$	1,117

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

SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE

		September 30, 2023
Weighted-average remaining lease term (in years)			2.58
Weighted-average discount rate			6.11	%

Scheduled maturities of operating lease liabilities outstanding as of September 30, 2023 are as follows:

SCHEDULED MATURITIES OF OPERATING LEASE LIABILITIES

October-December 2023		$	1,338
2024			2,080
2025			1,816
2026			773
2027			103
Thereafter			1,234
Total lease payments			7,344
Less: Imputed interest			(643	)
Present value of lease liabilities		$	6,701

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- References

No definition available.

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- Definition

The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//842-20/tableOfContent

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