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SEVERANCE LIABILITY
12 Months Ended
Dec. 31, 2021
SEVERANCE LIABILITY  
SEVERANCE LIABILITY

NOTE 9. – SEVERANCE LIABILITY

During the second quarter of 2020, the Company recorded an accrual for severance benefits for $306 in accordance with FASB ASC 712 - “Compensation – Nonretirement Postemployment Benefits.” Consistent with

certain contractual obligations related to a resignation, the Company will provide these severance benefits over a twelve-month period.

During 2019, the Company recorded an accrual for severance benefits for $881 in accordance with FASB ASC 712 - “Compensation – Nonretirement Postemployment Benefits.” Consistent with certain contractual obligations, $771 of the related accrual will be paid via a monthly consulting fee for a period of forty-two months.

The current and long-term accrued severance balance remaining as of December 31, 2021 was $217 and $21, respectively. The current and long-term accrued severance balance remaining as of December 31, 2020 was $339 and $241, respectively.