Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.24.3
Leases (Tables)
9 Months Ended
Sep. 30, 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

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Cash paid for operating lease liabilities

$

81

 

 

$

70

 

 

$

238

 

 

$

230

 

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

$

78

 

 

$

 

 

$

78

 

 

$

483

 

Weighted-average remaining lease term

1.2 years

 

 

2.0 years

 

 

1.2 years

 

 

2.0 years

 

Weighted-average discount rate

 

14.6

%

 

 

12.3

%

 

 

14.6

%

 

 

12.3

%

 

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities within the next year as of September 30, 2024 for leases that have commenced are as follows (in thousands):

 

 

 

September 30,

 

2024

 

$

904

 

2025

 

 

238

 

2026

 

 

9

 

2027

 

 

 

2028 and thereafter

 

 

 

Total future minimum lease obligations

 

 

1,151

 

Less imputed interest

 

 

(84

)

Total lease liabilities

 

$

1,067

 

 

 

 

Current operating lease liabilities, included in
   accrued liabilities

 

$

856

 

Non current lease liabilities

 

 

211

 

Total lease liabilities

 

$

1,067

 

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

Future minimum rental commitments under lease agreements, as of September 30, 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

 

 

$

267

 

2025

 

 

 

849

 

2026

 

 

 

35

 

2027

 

 

 

 

2028 and thereafter

 

 

 

 

Total future minimum lease obligations

 

 

 

1,151

 

Less imputed interest

 

 

 

(84

)

Total lease liabilities

 

 

$

1,067