Annual report pursuant to Section 13 and 15(d)

RIGHT TO USE ASSETS AND LEASE LIABILITY (Tables)

v3.22.1
RIGHT TO USE ASSETS AND LEASE LIABILITY (Tables)
12 Months Ended
Dec. 31, 2021
RIGHT TO USE ASSETS AND LEASE LIABILITY (Tables) [Line Items]  
Right to Use Asset [Table Text Block]

Right to use assets is summarized below:

 

   

December 31,

2021

(000’s)

   

December 31,

2020

(000’s)

 

Right to use assets, net

  $ 803     $ 1,087  

Less accumulated amortization

    (199

)

    (781

)

Right to use assets, net

  $ 604     $ 306  

 

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Maturity analysis under these lease agreements are as follows (000’s):

 

Year ended December 31, 2022

  $ 304  

Year ended December 31, 2023

    221  

Year ended December 31, 2024

    191  

Total

    716  

Less: Present value discount

    (60

)

Lease liability

  $ 656  

 

Operating Lease [Member]  
RIGHT TO USE ASSETS AND LEASE LIABILITY (Tables) [Line Items]  
Lease, Cost [Table Text Block]

Lease liability is summarized below:

 

   

December 31,

2021

(000’s)

   

December 31,

2020

(000’s)

 

Total lease liability

  $ 656     $ 314  

Less: short term portion

    (283

)

    (313

)

Long term portion

  $ 373     $ 1  

 

Finance Lease [Member]  
RIGHT TO USE ASSETS AND LEASE LIABILITY (Tables) [Line Items]  
Lease, Cost [Table Text Block]

Lease expense for the year ended December 31, 2021 and 2020 was comprised of the following:

 

   

December 31,

2021

(000’s)

   

December 31,

2020

(000’s)

 

Operating lease expense

  $ 441     $ 456  

Short-term lease expense

    39       35  

Variable lease expense

    -       2  

Total

  $ 480     $ 493