ACCOUNTING FOR LEASES (Tables)

12 Months Ended

Dec. 31, 2021

ACCOUNTING FOR LEASES

Schedule of information related to the lease costs

The table below presents information related to the lease costs for operating leases during 2021 and 2020 (in thousands):

	Year ended		Year ended
	December 31, 2021		December 31, 2020
Short-term lease costs	$	382	$	451
Long-term lease costs		1,432		1,444
Total lease costs	$	1,814	$	1,895

Schedule of future minimum lease payments

Following is the undiscounted cash flow for the next five years and total of the remaining years to the operating lease liabilities recorded on the balance sheet (in thousands):

	Operating
	Leases
Year ending December 31,
2022	$	1,342
2023		1,072
2024		1,072
2025		1,072
2026		1,072
Thereafter		15,868
Total minimum lease payments		21,498
Less: amount of lease payment representing interest		(7,255)
Present value of future minimum payments		14,243
Less: current obligations under leases		(745)
Long-term lease obligations	$	13,498