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LEASES (Tables)
6 Months Ended
Jun. 30, 2022
LEASES  
Schedule of Components of lease expense

    

For the Six Months Ended

June 30, 

(thousands of dollars)

2022

2021

Operating lease cost

$

77

$

77

Schedule of Supplemental Cash Flow Information Related to Leases

For the Six Months Ended

June 30, 

(thousands of dollars)

    

2022

2021

Cash paid for amounts included in lease liabilities:

 

  

  

Operating cash flows from operating leases

$

79

$

77

Right-of-use assets obtained in exchange for lease obligations:

 

  

 

  

Operating leases

$

157

$

291

Schedule of Supplemental Balance Sheet Information Relating to Leases

    

June 30, 

December 31, 

(thousands of dollars)

2022

2021

Operating Leases

 

  

  

Operating lease right-of-use assets

$

157

$

226

Current portion of lease liabilities

152

152

Operating lease liabilities – long term portion

 

12

 

83

Total operating lease liabilities

$

164

$

235

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

For the Six Months Ended

June 30, 

2022

2021

Weighted Average Remaining Lease Term (in years)

    

1.1

2.0

Discount Rate

 

9.5

%

9.5

%

Schedule of Maturities of Lease Liabilities for Operating Leases

Lease payments by year

    

June 30, 

(in thousands)

2022

2022 (remainder of year)

$

79

2023

92

2024

 

Total lease payments

 

171

Less imputed interest

 

(7)

Total

$

164