LEASE LIABILITIES AND RIGHT OF USE ASSETS (Tables)

9 Months Ended

Sep. 30, 2022

LEASE LIABILITIES AND RIGHT OF USE ASSETS

Schedule of finance leased assets included in property plant and equipment

	September 30,		December 31,
(in thousands)	2022		2021
Computer equipment	$	220	$	256
Less: accumulated depreciation		(166)		(156)
Assets acquired under finance leases, net	$	54	$	100

Schedule of total remaining future minimum lease payments for finance leases

Year ending September 30,	Finance Leases		Operating Leases		Total
2022 (3 months remaining)	$	13	$	155	$	168
2023		40		528		568
2024		7		362		369
2025		—		219		219
2026		—		225		225
Total minimum lease payments		60		1,489		1,549
Less: present value discount		(3)		(141)		(144)
Total lease liabilities		57		1,348		1,405
Current portion of lease liabilities		43		483		526
Long term portion of lease liabilities	$	14	$	865	$	879

Schedule of lease expense

	Nine months ended September 30,
(in thousands)	2022			2021
Finance lease expenses:
Depreciation expense	$	41	$	60
Interest on lease liabilities		1		6
Total Finance lease expense		42		66
Operating lease expense		488		192
Short-term lease and related expenses		109		174
Total lease expenses	$	639	$	432

Schedule of lease terms and discount rates

	September 30,
	2022	2021
Weighted average remaining lease term (years)
Operating Leases	3.26	2.31
Finance Leases	1.37	2.10
Weighted average discount rate (%)
Operating Leases	6.00	6.00
Finance Leases	6.00	6.00