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LEASES
9 Months Ended
Sep. 30, 2021
Leases  
LEASES

NOTE 6 – LEASES

 

The Company has operating lease agreements with terms up to 3 years, including car leases.

 

The Company’s weighted-average remaining lease term relating to its operating leases is 2.92 years, with a weighted-average discount rate of 10%.

 

The Company incurred $4 and $10 of lease expense for its operating leases for the three months and nine months ended September 30, 2021, respectively.

 

The following table presents information about the amount and timing of liabilities arising from the Company’s operating leases as of September 30, 2021:

 

      
2021  $3 
2022   10 
2023   10 
Total undiscounted operating lease payments   23 
Less: Imputed interest   3 
Present value of operating lease liabilities  $20