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LEASES | 12 Months Ended
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Dec. 31, 2021
LEASES |
Leases | 15. LEASES The Company’s leases primarily consist of administrative real estate leases in Colombia and the United States, and the Company’s cultivation property in Santander, Colombia. Information regarding the Company’s leases is as follows:
Thousands of United States dollars |  | Year ended December 31, 2021 |  |  | Year ended December 31, 2020 |
Lease expense |  |  |  |  |  |
Amortization expense by class of underlying asset |  |  |  |  |  |
Office Space |  | $ | 196 |  |  | $ | 26 |
Building |  |  | 10 |  |  |  | - |
Land |  |  | 57 |  |  |  | 54 |
Total amortization expense |  |  | 263 |  |  |  | 80 |
Interest on lease liabilities |  |  | 52 |  |  |  | 16 |
Short-term and low value assets lease expense |  |  | 14 |  |  |  | - |
Total lease expense |  | $ | 329 |  |  | $ | 96 |
Other Information |  |  |  |  |  |  |  |
Additions to right of use assets |  | $ | 1,233 |  |  | $ | 94 |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |  |
Financing cash flows from leases (interest) |  |  | 44 |  |  |  | 16 |
Financing cash flows from leases (principal) |  |  | 213 |  |  |  | 67 |
Operating cash flows for short term and low value asset leases |  |  | 13 |  |  |  | - |
Total cash outflows from leases |  | $ | 270 |  |  | $ | 83 |
Carrying amount of right of use asset by class of underlying asset |  |  |  |  |  |  |  |
Office Space |  | $ | 1,079 |  |  | $ | 70 |
Building |  |  | 10 |  |  |  | - |
Land |  |  | 140 |  |  |  | 248 |
Total carrying amount of right of use assets |  | $ | 1,229 |  |  | $ | 318 |
The maturity analysis of the undiscounted contractual balances of the lease liability is as follows:
Thousands of United States dollars |  | Year ended December 31, 2021 |
2022 |  | $ | 519 |
2023 |  |  | 468 |
2024 |  |  | 329 |
2025 |  |  | 115 |
2026 |  |  | 84 |
Thereafter |  |  | - |
Total undiscounted cash flows |  | $ | 1,515 |
Less: present value discount |  |  | (195 | )
Total lease liabilities |  | $ | 1,320 |
Most of the Company’s leases contain renewal options to continue the leases for another term equivalent to the original term, which are generally up to two years. The lease liabilities above include renewal terms that management has executed or is reasonably certain of renewing, which only included leases that would have expired in 2022. The Company’s land lease for 361 hectares of property in Santander, Colombia expires August 31, 2024 and is recorded as a right of use asset in property, plant and equipment. There is an option to extend the lease for an additional five years, unless either the Company or lessor provide notice to terminate the lease at the end of the original term with six months’ notice.

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- Definition The entire disclosure for leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2021-01-01 -Section Presentation -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2021-en-r&doctype=Standard&dita_xref=IFRS16_g47-50_TI -URIDate 2021-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2021-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2021-en-r&doctype=Standard&dita_xref=IFRS16_g51-60_TI -URIDate 2021-03-24 + Details
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