Journey Medical Corporation Annual report pursuant to Section 13 and 15(d)

OPERATING LEASE OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2021

The Company recorded rent expense as follows (dollars in thousands):

The following table summarizes quantitative information about the Company’s operating leases (dollars in thousands):


	For the Years Ended December 31,
	2021			2020
Operating cash flows from operating leases	$	91		$	86
Right-of-use assets exchanged for new operating lease liabilities		—			182
Weighted-average remaining lease term – operating leases		1.0			1.5
Weighted-average discount rate – operating leases		4.0	%		5.0	%



	Future Lease
($in thousands)	Liability
Year Ended December 31, 2022	$	100
Total		100
Less: present value discount		(2)
Operating lease liabilities	$	98