Annual report pursuant to Section 13 and 15(d)

RIGHT-OF USE ASSETS AND LEASE LIABILITIES (Tables)

v3.23.1
RIGHT-OF USE ASSETS AND LEASE LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2022
Lessee Disclosure [Abstract]  
Schedule of Lease Costs Operating and finance lease cost for the year ended December 31, 2022 were as follows:
(In thousands, USD) Classification in
Statement of operations		 December 31, 2022
Operating lease cost Selling, general and administrative $ 3,531 
Finance lease cost
Amortization of leased assets Depreciation and amortization $ 350 
Interest on lease liabilities Interest expense 17 
Total finance lease cost $ 367 
The weighted-average remaining lease term and the weighted-average discount rate of our leases were as follows:
December 31, 2022
Weighted average remaining lease term (in years)
Operating leases 7.71 years
Finance leases 2.05 years
Weighted average discount rate:
Operating leases 7.6  %
Finance leases 5.5  %
Schedule of Finance Lease Supplemental Balance Sheet Disclosures
Supplemental disclosure for the balance sheet related to finance leases were as follows:
(In thousands, USD) December 31, 2022
Assets
Finance lease right-of-use assets included in property and equipment, net $ 250 
Liabilities
Current portion of finance lease liabilities included in accrued liabilities $ 115 
Non-current portion of finance lease liabilities included in other long-term liabilities 135
Total finance lease liabilities $ 250 
Schedule of Future Minimum Payments Under Operating Leases
The future minimum lease payments under operating and finance leases at December 31, 2022 for the next five years are as follows:
Operating
Leases 		Finance
Leases
(In thousands, USD) Amount Amount
2023 $ 2,532  $ 128 
2024 1,877  113
2025 1,662  24
2026 1,370  —
2027 1,385  —
Thereafter 6,220  —
Total minimum lease payments 15,046  265
Interest expense (3,960) (15)
Total 11,086  250
Schedule of Future Minimum Payments Under Finance Leases
The future minimum lease payments under operating and finance leases at December 31, 2022 for the next five years are as follows:
Operating
Leases 		Finance
Leases
(In thousands, USD) Amount Amount
2023 $ 2,532  $ 128 
2024 1,877  113
2025 1,662  24
2026 1,370  —
2027 1,385  —
Thereafter 6,220  —
Total minimum lease payments 15,046  265
Interest expense (3,960) (15)
Total 11,086  250