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LEASES

6 Months Ended

Jun. 30, 2022

NOTE 3 – LEASES

The Company has lease agreements with lease and non-lease components, which it accounts for as a single lease component. The Company has 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 the Company’s ROU assets and lease liabilities was not material. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. In addition, the Company does not have any related party leases and its sublease transactions are de minimis.

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


		For the Six Months Ended June 30,
		2022				2021

Cash payments and expenses		$	172			$	127

Undiscounted maturities of operating lease payments as of June 30, 2022 are summarized as follows:


2022 (Remainder of the year)		$	169
2023			299
2024			158
Total future lease payments			626
Less imputed interest			(53	)
Total lease liability balance		$	573

		As of June 30, 2022				As of December 31, 2021

Operating leases weighted average remaining lease term (in years)			2-3				3
Operating leases weighted average discount rate			9	%			9	%