Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.23.1
LEASES (Tables)
3 Months Ended
Mar. 31, 2023
Leases  
SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES

Supplemental cash flows information related to leases was as follows:

 

    2023     2022  
    For The Three Months Ended  
    March 31,  
    2023     2022  
Cash paid for amounts included in the measurement of lease liabilities:                
                 
Operating cash flows from operating leases   $ 346     $ 66  
Financing cash flows from finance leases   $ 92     $ -  
                 
Right-of-use assets obtained in exchange for lease obligations:                
Operating leases   $ 1,209     $ -  
                 
Weighted Average Remaining Lease Term                
Operating leases     3.45       4.65  
Finance leases     2.00       -  
                 
Weighted Average Discount Rate                
Operating leases     5.5 %     4.7 %
Finance leases     6.2 %     0.0 %
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

Future minimum payments under non-cancellable leases as of March 31, 2023 were as follows:

 

For the Years Ending December 31,   Operating Lease     Finance Lease  
2023   $ 2,271     $ 340  
2024     1,827       340  
2025     1,297       -  
2026     716       -  
2027     464       -  
Total future minimum lease payments     6,575       680  
Less: imputed interest     (794 )     (58 )
Total   $ 5,781     $ 622