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LEASES

6 Months Ended

Jun. 30, 2021

NOTE 3 - 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 six months ended June 30,
	2021		2020

Cash payments for operating leases	$	127	$	52

Undiscounted maturities of operating lease payments as June 30, 2021 are summarized as follows:


2021(Remainder of the year)	$	118
2022		190
2023		184
2024		186
2025		164
Total future lease payments		842
Less imputed interest		(134	)
Total lease liability balance	$	708

Leases recorded on the balance sheet consist of the following:

	As of June 30,		As of December 31,
	2021		2020
Assets
Operating lease right of use asset	$	674	$	775

Liabilities
Operating lease - current		165		187
Operating lease - non-current		543		626
Total Operating lease liability	$	708	$	813

	As of June 30,			As of December 31,
	2021			2020

Operating leases weighted average remaining lease term (in years)		3.5			4
Operating leases weighted average discount rate		9	%		9	%