Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.24.1.1.u2
Leases (Tables)
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Information related to Right-of-use Assets and Liabilities

Information related to the Company’s right-of-use assets and related liabilities were as follows (in thousands):

 

 

Three Months Ended

 

 

March 31,

 

 

2024

 

 

2023

 

Cash paid for operating lease liabilities

$

77

 

 

$

68

 

Right-of-use assets obtained in exchange for new operating
   lease obligations

$

 

 

$

464

 

Weighted-average remaining lease term

1.6 years

 

 

2.5 years

 

Weighted-average discount rate

 

12.3

%

 

 

12.3

%

 

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of March 31, 2024 for leases that have commenced are as follows (in thousands):

 

 

 

March 31,

 

2024

 

$

982

 

2025

 

 

613

 

2026

 

 

2

 

2027

 

 

 

2028 and thereafter

 

 

 

Total future minimum lease obligations

 

 

1,597

 

Less imputed interest

 

 

(151

)

Total lease liabilities

 

$

1,446

 

 

 

 

Current operating lease liabilities, included in
   accrued liabilities

 

$

904

 

Non current lease liabilities

 

 

542

 

Total lease liabilities

 

$

1,446

 

Future minimum rental commitments under lease agreements with non-cancelable Operating Leases

Future minimum rental commitments under lease agreements, as of March 31, 2024, with non-cancelable terms greater than one year for each of the years ending December 31 are as follows (in thousands):

 

 

 

 

Year Ended

 

 

 

 

December 31,

 

Remainder of 2024

 

 

$

778

 

2025

 

 

 

816

 

2026

 

 

 

3

 

2027

 

 

 

 

2028 and thereafter

 

 

 

 

Total future minimum lease obligations

 

 

 

1,597

 

Less imputed interest

 

 

 

(151

)

Total lease liabilities

 

 

$

1,446