XML 36 R22.htm IDEA: XBRL DOCUMENT v3.22.1
Leases
 3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
LEASES

NOTE 16: LEASES

 

We have entered into various non-cancelable operating lease agreements for certain of our offices and office equipment. Our leases have original lease periods expiring between 2021 and 2025. Many leases include one or more options to renew. We do not assume renewals in our determination of the lease term unless the renewals are deemed to be reasonably assured at lease commencement. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.

 

The components of lease costs, lease term and discount rate are as follows:

 

(in thousands)  Three Months Ended
March 31,
2022		   Three Months Ended
March 31,
2021		 
Finance lease cost        
Amortization of right-of-use assets  $
-
   $4 
Interest   
-
    
-
 
Operating lease cost   99    84 
Total lease cost  $99   $88 
           
Weighted Average Remaining Lease Term          
Operating leases   2.24 years   3.4 years  
           
Weighted Average Discount Rate          
Operating leases   10.0%   10.0%

 

The following is a schedule, by years, of maturities of lease liabilities as of March 31, 2022:

 

(in thousands)   Operating
Leases		  
The remainder of 2022   $ 442  
2023     594  
2024     85  
2025     78  
Thereafter    
-
  
Total undiscounted cash flows     1,199  
Less imputed interest   $ (126 )
Present value of lease liabilities   $ 1,073  

  

Supplemental cash flow information related to leases are as follows:

 

(in thousands)  Three
Months
Ended
March 31,
2022		   Three
Months
Ended
March 31,
2021		 
Cash paid for amounts included in the measurement of lease liabilities:          
Operating cash flows from operating leases  $    75   $    90 
Operating cash flows from finance leases   
-
    4 
Financing cash flows from finance leases   
-
    (4)