LEASES

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

LEASES

LEASES:

The Company has entered into operating leases primarily for commercial buildings. These leases have terms which range from 0.7 to 2.8 years. There are no economic penalties for the Company to extend the lease, and it is not reasonably certain the Company will exercise the extension options. The operating leases do not contain material residual value guarantees or material restrictive covenants.

Rent expense, including short-term lease cost, was $352 and $267 for the three months ended March 31, 2022 and 2021, respectively.

Information related to the Company right-of-use assets and related operating lease liabilities were as follows:

	March 31, 2022
Cash paid for operating lease liabilities	$	261
Operating lease cost	263
Right-of-use assets obtained in exchange for lease obligations	1,391
Weighted-average remaining lease term	2.06
Weight-average discount rate	4.25		%

Maturities of lease liabilities due in 12-month period ending March 31,
2023	$	862
2024	539
2025	92
Thereafter	—
	$	1,492
Less imputed interest	(48)
Total lease liabilities	$	1,444

Supplemental information for comparative periods

As of December 31, 2021 prior to the adoption of ASC 842, minimum payments under operating leases having initial or remaining non-cancelable lease terms in excess of one year were as follows:

	Operating Leases
2022	$	966
2023	585
2024	170
Total minimum payments	$	1,721