LEASES (Tables)

12 Months Ended

Dec. 31, 2021

LEASES

Components of lease expense

The components of lease expense were as follows:
	For the Year Ended
	December 31,
(thousands of dollars)	2021		2020
Operating lease cost	$	154	$	155

Schedule of Supplemental Cash Flow Information Related to Leases

	For the Year Ended
	December 31,
(thousands of dollars)	2021		2020
Cash paid for amounts included in lease liabilities:
Operating cash flows from operating leases	$	154	$	153
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	226	$	353

Schedule of Supplemental Balance Sheet Information Relating to Leases

	December 31,		December 31,
(thousands of dollars)	2021		2020
Operating Leases
Operating lease right-of-use assets	$	226	$	353
Current portion of lease liabilities		152		149
Operating lease liabilities – long term portion		83		214
Total operating lease liabilities	$	235	$	363

Schedule of Weighted-average Remaining Lease Term and Discount Rate for Operating Leases

	For the Year Ended
	December 31,
	2021		2020
Weighted Average Remaining Lease Term (in years)	1.6		3.0
Discount Rate	9.5	%	9.5	%

Schedule of Maturities of Lease Liabilities for Operating Leases

Lease payments by year	December 31,
(in thousands)	2021
2022	$	158
2023		92
Total lease payments		250
Less imputed interest		(15)
Total	$	235