Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.22.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Other Information Related Leases Under Non-Cancellable

Other information related to leases and future minimum lease payments under non-cancellable operating leases were as follows:

 

   

March 31, 2022

(Unaudited)

 
Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash flows from operating leases   $ 20,000  
Right-of-use assets obtained in exchange for lease liabilities:        
Operating leases   $ 260,000  
Weighted-average remaining lease term (in years):        
Operating leases     2.5  
Weighted-average discount rate:        
Operating leases     10 %
Schedule of Future Minimum Lease Payments

Future minimum lease payments under non-cancellable operating leases were as follows:

 

   

March 31, 2022

(Unaudited)

 
       
Within one year   $ 90,000  
After one year and within two years     122,000  
After two years and within three years     65,000  
Thereafter     -  
Total future minimum lease payments   $ 277,000  
Less – discount     (30,000 )
Lease liability   $ 247,000