10. LEASES The following table summarizes our lease assets and liabilities as of December 31, 2021 and 2020: | | | | | | | | | | | | | Operating
(in thousands) | | | | | December 31, | | December 31, | ROU Assets and Liabilities | | Balance Sheet Location | | 2021 | | 2020 | ROU - Asset | | Right-of-use assets | | $ | 1,298 | | $ | 1,712 | Lease liabilities (current) | | Operating lease liabilities, current | | | 442 | | | 406 | Lease liabilities (non-current) | | Operating lease liabilities, non-current | | | 891 | | | 1,332 |
The following table summarizes our lease related costs for the twelve months ended December 31, 2021 and 2020: | | | | | | | | | | | | | Operating
(in thousands) | Lease Cost | | Statement of Operations Location | | | 2021 | | | 2020 | Operating Lease Cost | | General and administrative | | $ | 505 | | $ | 487 | Total Lease Cost | | | | $ | 505 | | $ | 487 |
Average lease terms and discount rates for the Company’s operating leases were as follows: | | | | | | | | | | Year Ended | | Year Ended | | | | December 31, | | December 31, | | Other Information | | 2021 | | 2020 | | Weighted-average remaining lease term | | | | | | | | Operating leases | | | 2.8 years | | | 3.8 years | | Weighted-average discount rate | | | | | | | | Operating leases | | | 5.7% | | | 5.7% | |
The following table summarizes the maturities of lease liabilities as of December 31, 2021: | | | | | | Operating | Year | | (in thousands) | 2022 | | $ | 507 | 2023 | | | 515 | 2024 | | | 424 | Thereafter | | | — | Total lease payments | | | 1,446 | Less: interest | | | 113 | Total lease liabilities | | $ | 1,333 |
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