Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.21.2
LEASES (Tables)
 9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
SCHEDULE OF LEASE EXPENSE

The components of lease expense were as follows:

 

      2021       2020       2021       2020  
    Three Months Ended
September 30,		     Nine Months Ended
September 30,		  
    2021     2020     2021     2020  
    ($ in thousands)  
Operating lease cost   $ 1,066     $ 1,227     $ 3,181     $ 2,861  
Short-term lease cost     22       25       65       36  
Variable lease cost     11       7       25       22  
Total- net lease cost   $ 1,099     $ 1,259     $ 3,271     $ 2,919  
SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES

Supplemental balance sheet information related to leases is as follows:

 

      1       2  
    September 30, 2021     December 31, 2020  
    ($ in thousands)  
Operating leases:                
Operating lease ROU assets, net   $ 7,108     $ 7,743  
                 
Current operating lease liabilities   $ 3,929     $ 4,729  
Non-current operating lease liabilities     5,026       6,297  
Total operating lease liabilities   $ 8,955     $ 11,026  
                 
Operating leases:                
ROU assets   $ 9,310     $ 10,648  
Asset lease expense     (2,191 )     (2,889 )
Foreign exchange gain (loss)     (11 )     (16 )
ROU assets, net   $ 7,108     $ 7,743  
                 
Weighted average remaining lease term (in years):                
Operating leases     4.41       2.71  
Weighted average discount rate:                
Operating leases     6.78 %     6.76 %
SCHEDULE OF SUPPLEMENTAL CASH FLOW AND OTHER INFORMATION RELATED TO LEASES

Supplemental cash flow and other information related to leases is as follows:

 

      2021       2020       2021       2020  
    Three Months Ended
September 30,		     Nine Months Ended
September 30,		  
    2021     2020     2021     2020  
    ($ in thousands)  
Cash paid for amounts included in the measurement of lease liabilities:                                
Operating cash flows from operating leases   $ 1,316     $ 1,417     $ 4,048     $ 2,860  
                                 
ROU assets obtained in exchange for lease liabilities:                                
Operating leases, net of impairment and terminations   $ 315     $ 203     $ 2,063     $ 6,467  
SCHEDULE OF MATURITIES OF LEASE LIABILITIES

Maturities of lease liabilities are as follows:

 SCHEDULE OF MATURITIES OF LEASE LIABILITIES

    5  
Operating leases - Year ending December 31,   ($ in thousands)  
2021 (three months)   $ 1,253  
2022     4,115  
2023     2,024  
2024     789  
2025     481  
Thereafter     1,972  
Total lease payments     10,634  
Less: imputed interest     (1,679 )
Total lease obligations     8,955  
Less: current obligations     (3,929 )
Long-term lease obligations   $ 5,026