Annual report pursuant to Section 13 and 15(d)

Lease Commitments (Tables)

v3.22.1
Lease Commitments (Tables)
12 Months Ended
Dec. 31, 2021
Lease Commitments  
Schedule of Components of Rent Expense and Supplemental Cash Flow Information

The components of rent expense and supplemental cash flow information related to leases for the period are as follows (tables in thousands):

 

   

Year Ended
December 31,

2021

 
Lease Cost        
Operating lease cost (included in operating expenses in the Company’s consolidated statement of operations)   $ 230  
         
Other Information        
Cash paid for amounts included in the measurement of lease liabilities   $ 233  
Weighted average remaining lease term – operating leases (in years)     2.3  
Average discount rate – operating leases     7.2 %
Schedule of Supplemental Balance Sheet Information

The supplemental balance sheet information related to leases for the period is as follows (tables in thousands):

 

    At December 31,
2021
    At December 31,
2020
 
Operating leases                
Long-term right-of-use assets of which $153 relates to related party, net of amortization of $527   $ 478     $ 498  
                 
Short-term operating lease liabilities, of which $53 relates to related party     209       178  
Long-term operating lease liabilities, of which $101 relates to related party     291       345  
Total operating lease liabilities   $ 500     $ 523  
Schedule of Maturities of Lease Liabilities

 

Year ending December 31,   (in thousands)  
2020   $ -  
2021     -  
2022     239  
2023     246  
2024 and thereafter     58  
Total minimum operating lease payments   $ 543  
Less: present value discount     (43 )
Total operating lease liabilities     500  
Schedule of Maturities of Finance Lease

Future minimum finance lease payments, by year and in aggregate, are as follows:

Schedule of Maturities of Finance Lease

Year ending December 31,   (in thousands)  
2021   $ -  
2022     29  
2023     7  
2024 and thereafter     -  
Total minimum capital lease payments   $ 36