Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.23.1
LEASES (Tables)
3 Months Ended
Mar. 31, 2023
Leases  
SCHEDULE OF COMPONENTS OF LEASE COST

The following table provides a summary of the components of lease costs and rent (in thousands):

 

    2023     2022  
    For the three months ended March 31,  
    2023     2022  
             
Operating lease cost   $ 415     $ 472  
Variable lease cost     39       96  
Short-term lease cost     18       21  
Total operating lease costs   $ 472     $ 589  
SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

Future minimum lease payments and obligations, which do not include short-term leases, of the Company’s operating lease liabilities as of March 31, 2023 were as follows (in thousands):

 

Future minimum lease payments and obligations   Operating Leases  
       
2023, remainder   $ 1,338  
2024     1,815  
2025     1,572  
2026     811  
2027     828  
Thereafter     2,586  
Total undiscounted operating lease payments     8,950  
Less: imputed interest     1,631  
Present value of operating lease liabilities   $ 7,319  
SCHEDULE OF FUTURE CASH RECEIPTS FROM OPERATING SUBLEASE

Future cash receipts from the Company’s sublease agreements as of March 31, 2023 are as follows (in thousands):

  

    Operating  
Future cash receipts   Subleases  
       
2023, remainder   $ 313  
2024     429  
2025     343  
Total future cash receipts   $ 1,085