XML 22 R11.htm IDEA: XBRL DOCUMENT v3.22.2
LEASES
 6 Months Ended
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, 2022December 31, 2021
OperatingFinanceOperatingFinance
Weighted average remaining lease term (in years)5.53.21.00.8
Weighted average discount rate1.83%3.04%3.98%4.00%

Maturities of lease liabilities as of June 30, 2022 are as follows:
(In thousands)OperatingFinance
2022$61 $70 
2023119 40 
2024119 21 
2025119 21 
2026119 21 
Thereafter119 12 
Total lease payments656 185 
Less imputed interest(32)(7)
Present value of lease liabilities624 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, 2022December 31, 2021
OperatingFinanceOperatingFinance
Weighted average remaining lease term (in years)5.53.21.00.8
Weighted average discount rate1.83%3.04%3.98%4.00%

Maturities of lease liabilities as of June 30, 2022 are as follows:
(In thousands)OperatingFinance
2022$61 $70 
2023119 40 
2024119 21 
2025119 21 
2026119 21 
Thereafter119 12 
Total lease payments656 185 
Less imputed interest(32)(7)
Present value of lease liabilities624 178 
Less current portion of lease liabilities(110)(85)
Long-term portion of lease liabilities$514 $93