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LEASES | 6 Months Ended
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Jun. 30, 2022
Leases [Abstract] |
LEASES | LEASES Operating Leases The Company leases its facility in Sofia, Bulgaria and vehicles in Clearwater, Florida under non-cancelable operating lease agreements. During the three months ended June 30, 2022, the Company entered into a five year extension of its Sofia, Bulgaria facility. These operating leases have terms expiring through December 2027. Finance Leases The Company has entered into non-cancelable finance leases for certain computer equipment and a vehicle in Clearwater, Florida. During the three months ended June 30, 2022, the Company entered into a 63 month lease for computer equipment. These finance leases have terms expiring through July 2027. Information about the Company’s weighted average remaining lease terms and discount rate assumptions are as follows:
| June 30, 2022 |  | December 31, 2021
| Operating | Finance |  | Operating | Finance
Weighted average remaining lease term (in years) | 5.5 | 3.2 |  | 1.0 | 0.8
Weighted average discount rate | 1.83% | 3.04% |  | 3.98% | 4.00%
Maturities of lease liabilities as of June 30, 2022 are as follows:
(In thousands) | Operating | Finance
2022 | $ | 61 |  | $ | 70 |
2023 | 119 |  | 40 |
2024 | 119 |  | 21 |
2025 | 119 |  | 21 |
2026 | 119 |  | 21 |
Thereafter | 119 |  | 12 |
Total lease payments | 656 |  | 185 |
Less imputed interest | (32) |  | (7) |
Present value of lease liabilities | 624 |  | 178 |
Less current portion of lease liabilities | (110) |  | (85) |
Long-term portion of lease liabilities | $ | 514 |  | $ | 93 |
LEASES | LEASES Operating Leases The Company leases its facility in Sofia, Bulgaria and vehicles in Clearwater, Florida under non-cancelable operating lease agreements. During the three months ended June 30, 2022, the Company entered into a five year extension of its Sofia, Bulgaria facility. These operating leases have terms expiring through December 2027. Finance Leases The Company has entered into non-cancelable finance leases for certain computer equipment and a vehicle in Clearwater, Florida. During the three months ended June 30, 2022, the Company entered into a 63 month lease for computer equipment. These finance leases have terms expiring through July 2027. Information about the Company’s weighted average remaining lease terms and discount rate assumptions are as follows:
| June 30, 2022 |  | December 31, 2021
| Operating | Finance |  | Operating | Finance
Weighted average remaining lease term (in years) | 5.5 | 3.2 |  | 1.0 | 0.8
Weighted average discount rate | 1.83% | 3.04% |  | 3.98% | 4.00%
Maturities of lease liabilities as of June 30, 2022 are as follows:
(In thousands) | Operating | Finance
2022 | $ | 61 |  | $ | 70 |
2023 | 119 |  | 40 |
2024 | 119 |  | 21 |
2025 | 119 |  | 21 |
2026 | 119 |  | 21 |
Thereafter | 119 |  | 12 |
Total lease payments | 656 |  | 185 |
Less imputed interest | (32) |  | (7) |
Present value of lease liabilities | 624 |  | 178 |
Less current portion of lease liabilities | (110) |  | (85) |
Long-term portion of lease liabilities | $ | 514 |  | $ | 93 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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