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LEASES (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Summary of Operating Lease ROU assets and Liabilities The following table summarizes operating lease ROU assets and operating lease liabilities and their corresponding classification on the Company’s Consolidated Balance Sheets:
(amounts in thousands)ClassificationDecember 31,
2021
December 31,
2020
Assets:
Operating lease ROU assetsOther assets$398 $1,218 
Liabilities:
Operating lease liabilitiesOperating lease liabilities$416 $1,131 
Maturities of Non-Cancelable Operating Lease Liabilities The maturities of non-cancelable operating lease liabilities were as follows at December 31, 2021:
(amounts in thousands)December 31,
2021
2022$418 
Total minimum payments418 
Less: interest(2)
Present value of lease liabilities$416 
Summary of Weighted Average Remaining Lease Term and Discount Rate
The following table summarizes the weighted average remaining lease term and discount rate for BMTX’s operating leases at December 31, 2021 and 2020:
December 31,
2021
December 31,
2020
Weighted average remaining lease term (years)
Operating leases0.6 years1.6 years
Weighted average discount rate
Operating leases1.0 %1.4 %