OPERATING LEASES AND COMMITMENTS (Tables)

12 Months Ended

Dec. 31, 2022

OPERATING LEASES AND COMMITMENTS

Summary of Operating lease right-of-use assets

In Thousands of US Dollars
	Operation lease right-of-use asset
Balances as of January 1, 2022	$	384
Adjustment office lease		(4	)
Accumulated amortization		(222	)
Balances as of December 31, 2022	$	158

In Thousands of US Dollars
	Operation lease right-of-use asset
Balances as of January 1, 2021	$	422
Renewed office lease		184
Accumulated amortization		(222	)
Balances as of December 31, 2021	$	384

In Thousands of US Dollars
	Operation lease right-of-use asset
Balances as of January 1, 2020	$	136
Renewed office lease		533
Accumulated amortization		(247	)
Balances as of December 31, 2020	$	422

Summary of operating lease liability

In Thousands of US Dollars
	Total
Balances as of January 1, 2022	$	391
Adjustment office lease		(4	)
Repayments of lease liability		(229	)
Interest expenser		15
Balances as of December 31, 2022	$	173
Lease liability due within one year	$	173
Lease liability long term	$	-

The total future commitment payment amount for above lease is $175,910 compared to an outstanding lease liability of $172,942 as of December 31, 2022. The difference is due to borrowing rate discount.

In Thousands of US Dollars
	Total
Balances as of January 1, 2021	$	426
Renewed office lease		184
Repayments of lease liability		(238	)
Interest expenser		19
Balances as of December 31, 2021	$	391
Lease liability due within one year	$	228
Lease liability long term	$	163

The total future commitment payment amount for above lease is $409,279 compared to an outstanding lease liability of $391,459 as of December 31, 2021. The difference is due to borrowing rate discount.

In Thousands of US Dollars
	Total
Balances as of January 1, 2020	$	147
Renewed office lease		533
Repayments of lease liability		(265	)
Interest expense		11
Balances as of December 31, 2020	$	426
Lease liability due within one year	$	193
Lease liability long term	$	233