LEASES (Tables)

3 Months Ended

Mar. 31, 2023

Leases

SCHEDULE OF OPERATING AND FINANCE LEASE LIABILITIES

As of March 31, 2023, the maturities of operating and finance lease liabilities were as follows (in thousands):

	Operating leases*			Finance leases
2023 (excluding the three months ended March 31, 2023)	$	478		$	45
2024		793			–
2025		781			–
2026		813			–
2027		772			–
Total lease payments		3,637			45
Less:
Imputed interest		(729	)		(1	)
Total	$	2,908		$	44

* 2023 amounts shown above are net of cash inflows for tenant improvement allowances expected to be received during the year.

SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO FINANCE AND OPERATING LEASES

Supplemental balance sheet information related to leases was as follows (in thousands):

Finance leases

	March 31, 2023		December 31, 2022
Finance lease right-of-use assets included within property and equipment, net	$	4	$	4
Current finance lease liabilities included within other current liabilities	$	45	$	293
Non-current finance lease liabilities included within other long-term liabilities		–		41
Total	$	45	$	334

Operating leases

	March 31, 2023		December 31, 2022
Current operating lease liabilities included within other current liabilities	$	413	$	394
Operating lease liabilities – non-current		2,495		2,632
Total	$	2,908	$	3,026

SUMMARY OF COMPONENT OF LEASE EXPENSE

The components of lease expense were as follows (in thousands):

	For the Three Months Ended March 31,
	2023		2022
Operating lease costs included within operating costs and expenses	$	395	$	318
Finance lease costs:
Amortization of right-of-use assets	$	–	$	51
Interest on lease liabilities		7		16
Total	$	7	$	67

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO LEASES

Supplemental cash flow information related to leases was as follows (in thousands):

	For the Three Months Ended March 31,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash out flows from operating leases	$	192	$	264
Operating cash out flows from finance leases	$	7	$	16
Financing cash out flows from finance leases	$	72	$	116