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Leases
 9 Months Ended
Sep. 30, 2022
Leases (Textual)  
LEASES

NOTE 15: 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 2022 and 2027. 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)  Nine Months
Ended
September 30,
2022		   Nine Months
Ended
September 30,
2021		 
Finance lease cost        
Amortization of right-of-use assets  $
-
   $4 
Interest   
-
    
-
 
Operating lease cost   256    236 
Total lease cost  $256   $240 
           
Weighted Average Remaining Lease Term          
Operating leases   3.3 years    3.1 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 September 30, 2022:

 

(in thousands)  Operating
Leases		 
The remainder of 2022  $184 
2023   756 
2024   459 
2025   456 
Thereafter   198 
Total undiscounted cash flows   2,053 
Less imputed interest  $(217)
Present value of lease liabilities  $1,836 

 

Supplemental cash flow information related to leases are as follows:

 

(in thousands)  Nine Months
Ended
September 30,
2022		   Nine Months
Ended
September 30,
2021		 
Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash flows from operating leases, net  $256   $184 
Operating cash flows from finance leases   
-
    4 
Financing cash flows from finance leases   
-
    (4)