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COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF OTHER INFORMATION RELATED TO OPERATING LEASE

Other information related to our operating leases is as follows:

 

In thousands    
ROU asset - January 1, 2021  $76 
Amortization   (199)
Effective foreign exchange rates   

121

 
Increase   3558 
ROU asset - December 31, 2021   3,556 
Increase   - 
Effective foreign exchange rates   (256)
Amortization   (1,000)
ROU asset - December 31, 2022  $2,300 

 

In thousands    
Lease liability - January 1, 2021  $79 
Increase   3,558 
Effective foreign exchange rates   169 
      
Amortization   (199)
Lease liability - December 31, 2021   3,607 
Decrease   - 
Increase (Decrease)   - 
      
Effective foreign exchange rates   (261)
Amortization   (1,000)
Lease liability - December 31, 2022  $2,346 
SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING LEASES

The table below reconciles the fixed component of the undiscounted cash flows for each of the first five years and the total remaining years to the lease liabilities recorded on the Consolidated Balance Sheet as of December 31, 2022:

      
In thousands    
Year  Minimum lease payments 
2023  $1,102 
2024   873 
2025   397 
2026   176 
2027   - 
Total   2,548 
Less interest   (202)
Present value of future minimum lease payments   2,346 
Less current obligations   (942)
Long term lease obligations  $1,404