Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.23.2
LEASES (Tables)
6 Months Ended
Jun. 30, 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     2023     2022  
   

For the three months ended June 30,

   

For the six months ended June 30,

 
    2023     2022     2023     2022  
                         
Operating lease cost   $ 353     $ 461     $ 708     $ 933  
Variable lease cost     116       116       215       212  
Short-term lease cost     13       20       31       41  
Total operating lease costs   $ 482     $ 597     $ 954     $ 1,186  
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 June 30, 2023 were as follows (in thousands):

 

Future minimum lease payments and obligations   Operating Leases  
         
2023, remainder   $ 799  
2024     993  
2025     1,552  
2026     791  
2027     807  
Thereafter     2,516  
Total undiscounted operating lease payments     7,458  
Less: imputed interest     1,484  
Present value of operating lease liabilities   $ 5,974  
SCHEDULE OF FUTURE CASH RECEIPTS FROM OPERATING SUBLEASE

Future cash receipts from the Company’s sublease agreements as of June 30, 2023 are as follows (in thousands):

 

    Operating  
Future cash receipts   Subleases  
         
2023, remainder   $ 270  
2024     634  
2025     485  
Total future cash receipts   $ 1,389