Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.23.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases  
Schedule of Components of Lease Expense and Supplemental Information

The components of operating and finance lease expense in continuing operations for the years ended December 31, are as follows:

 

    2022     2021  
Operating lease cost   $ 441     $ 504  
Finance lease cost:                
Depreciation of ROU assets   $ 204     $ 35  
Interest on lease liabilities     34       8  
Total finance lease cost:   $ 238     $ 43  
Variable lease costs   $ -     $ -  
Short-term lease costs     -       -  
Total lease continuing operations expense   $ 679     $ 547  

 

Supplemental cash flow related to operating and finance leases of the Company’s continuing operations is as follows for the years ended December 31, 2022 and 2021:

 

    2022     2021  
             
Cash paid amounts included in the measurement of lease liabilities from continuing operations:                
Operating cash flows used for operating leases   $ (265 )   $ (509 )
Financing cash flows used for finance leases   $ (191 )   $ (37 )
Financing cash flows provided by finance leases   $ 266     $ 492  
 

 

Other supplemental information related to operating and finance leases of the Company’s continuing operations is as follows as of December 31, 2022 and 2021:

 

    2022     2021  
Weighted average remaining lease term (in years):                
Operating leases     4.45       5.42  
Finance leases     2.05       2.75  
                 
Weighted average discount rate:                
Operating leases     8.30 %     9.88 %
Finance leases     6.90 %     6.54 %
 
Schedule of Amounts Reported in the Consolidated Balance Sheet

Amounts reported in the consolidated balance sheet from continuing operations as of December 31, 2022 and 2021 are as follows:

 

    2022     2021  
Operating leases:                
Operating lease ROU assets, net   $ 1,542     $ 673  
Operating lease current liabilities   $ 313     $ 174  
Operating lease long-term liabilities     1,301       516  
Total operating lease liabilities   $ 1,614     $ 690  
Finance leases:                
Equipment   $ 744     $ 477  
Accumulated depreciation     (244 )     (63 )
Finance leases, net   $ 500     $ 414  
Current installment obligations under finance leases   $ 252     $ 157  
Long-term portion of obligations under finance leases     273       293  
Total finance lease liabilities   $ 525     $ 450  
Schedule of Annual Payments of Lease liabilities Under Noncancelable leases

Annual future payments of lease liabilities under noncancelable leases as of December 31, 2022 are as follows:

 

    Operating leases     Finance leases  
2023   $ 433     $ 280  
2024     423       235  
2025     427       50  
2026     441       -  
2027     215       -  
Thereafter     -       -  
Total undiscounted lease payments     1,939       566  
Less: imputed interest     (325 )     (41 )
Total lease liabilities   $ 1,614     $ 525