Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASES (Tables)

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OPERATING LEASES (Tables)
9 Months Ended
Sep. 30, 2021
Operating Leases  
SCHEDULE 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:

 

   

Nine months
Ended

September 30, 2021

   

Nine months
Ended

September 30, 2020

 
Lease Cost                
Operating lease cost (of which $74 is included in general and administration and $451 is included in cost of sales in the Company’s statement of operations for the nine months ended September 30, 2021, and for the same period in 2020, respectively)   $ 525     $ 525  
Operating lease cost (of which $74 is included in general and administration and $451 is included in cost of sales in the Company’s statement of operations for the nine months ended September 30, 2021, and for the same period in 2020, respectively)   $ 525     $ 525  
                 
Other Information                
Weighted average remaining lease term – operating leases (in years)     1.7       2.7  
Average discount rate – operating leases     3.75 %     3.75 %
SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION

The supplemental balance sheet information related to leases for the period is as follows:

 

    At
September 30, 2021
    At
December 31, 2020
 
Operating leases                
Long-term right-of-use assets, net of accumulated amortization of $1,749 and $1,265, respectively   $ 1,079     $ 1,563  
                 
Short-term operating lease liabilities   $ 708     $ 670  
Long-term operating lease liabilities     454       990  
Total operating lease liabilities   $ 1,162     $ 1,660  
SCHEDULE OF MATUR ITIES OF LEASE LIABILITIES

Maturities of the Company’s lease liabilities are as follows (in thousands):

 

Year Ending   Operating Leases  
2021 (remaining 3 months)     182  
2022     747  
2023   280  
Total lease payments     1,209  
Less: Imputed interest/present value discount     (47 )
Present value of lease liabilities   $ 1,162