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Leases

12 Months Ended

Dec. 31, 2020

NOTE 5 - LEASES

We have lease agreements with lease and non-lease components, which we account for as a single lease component. Variable lease payments based on an index or rate are initially measured using the index or rate in effect at the lease commencement and included in the measurement of the lease liability; thereafter, changes to lease payments due to rate or index updates are recorded as rent expense in the period incurred. We have elected not to recognize ROU assets and lease liabilities for short-term leases that have a term of 12 months or less. The effect of short-term leases on our ROU assets and lease liabilities was not material. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. In addition, we do not have any related party leases and our sublease transactions are de minimis.

Supplemental cash flow information related to operating leases was as follows:

	For the Years Ended December 31,
	2020		2019

Cash payments for operating leases	$	229	$	354

Undiscounted maturities of operating lease payments as December 31, 2020 and December 31,2019 are summarized as follows:

	As of December 31,
	2020			2019

2020	$	-		$	216
2021		248			234
2022		193			180
2023		187			174
2024		188			176
2025		166			154
Total future lease payments		982			1,134
Less imputed interest		(169	)		(231	)
Total lease liability balance	$	813		$	903

Leases recorded on the consolidated balance sheets consist of the following:

	As of December 31,
	2020		2019
Assets
Operating lease right-of -use asset	$	775	$	962

Liabilities
Operating lease - current	$	187	$	143
Operating lease - non-current		626		760
	$	813	$	903

	As of December 31,
	2020			2019

Operating leases weighted average remaining lease term (in years)		4			2.5
Operating leases weighted average discount rate		9	%		9	%