Annual report pursuant to Section 13 and 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.23.2
COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF OPERATING LEASE INFORMATION

Supplemental balance sheet information related to leases was as follows (in thousands):

 

Operating Leases   Classification  

December 31,

2022

   

December 31,

2021

 
Right-of-use assets   Operating lease assets   $ 4,976     $ 8,021  
                     
Current lease liabilities   Current operating lease liabilities   $ 5,395     $ 4,599  
Non-current lease liabilities   Long-term operating lease liabilities     5,868       8,644  
        $ 11,263     $ 13,243  

 

Lease term and discount rate were as follows:

 

   

December 31,

2022

   

December 31,

2021

 
Weighted average remaining lease term (years)     5.9       6.7  
Weighted average discount rate     8.0 %     8.1 %
SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES

Maturities of our operating lease liabilities as of December 31, 2022 are presented below (in thousands):

 

Year ending December 31:        
2023   $ 2,645  
2024     2,654  
2025     2,501  
2026     2,083  
2027     1,626  
Thereafter     2,799  
Total remaining lease payments     14,308  
Less: imputed interest     (3,045 )
Total lease liabilities   $ 11,263