Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.23.1
LEASES (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
SCHEDULE OF COMPONENTS OF LEASE COST

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

 

    2022     2021  
    For the year ended December 31,  
    2022     2021  
             
Operating lease cost   $ 1,865     $ 1,761  
Variable lease cost     434       445  
Short-term lease cost     79       183  
Total operating lease costs   $ 2,378     $ 2,389  
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 December 31, 2022 were as follows (in thousands):

 

Future minimum lease payments and obligations   Operating Leases  
       
2023   $ 1,773  
2024     1,815  
2025     1,572  
2026     811  
2027     828  
Thereafter     2,587  
Total undiscounted operating lease payments     9,386  
Less: imputed interest     1,759  
Present value of operating lease liabilities   $ 7,627  
SCHEDULE OF FUTURE CASH RECEIPTS FROM OPERATING SUBLEASE

Future cash receipts from the Company’s sublease agreements as of December 31, 2022 are as follows (in thousands):

 

    Operating  
Future cash receipts   Subleases  
       
2023   $ 357  
2024     429  
2025     343  
Total future cash receipts   $ 1,129