Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.24.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Leases  
Schedule of Lease Cost and Supplemental Balance Sheet Information

The components of lease cost and supplemental balance sheet information for the Company’s lease portfolio were as follows:

 

    2023     2022  
    Year Ended December 31,  
    2023     2022  
Lease Cost                
Operating lease (income) cost, net of related party license fee   $ (29 )   $ 92  
Variable lease cost     178       120  

Short-term lease cost

    

161

       -  
Total lease cost   $ 310     $ 212  

 

    As of December 31,  
    2023     2022  
Assets            
Operating lease, right-of-use asset   $ 210     $ 428  
Liabilities                
Current                
Operating lease liabilities   $ 169     $ 245  
Non-current                
Operating lease liabilities, net of current portion     27       178  
Total lease liabilities   $ 196     $ 423  
                 
Other information:                
Weighted average remaining lease term - operating leases     1.18 years       1.79 years  
Weighted-average discount rate - operating leases     7.30 %     7.36 %
Schedule of Future Minimum Lease Payments for Operating Leases

Future minimum lease payments under non-cancellable operating leases as of December 31, 2023 were as follows:

 

Year Ended December 31,   Amount  
2024   $ 175  
2025     23  
2026     5  
Total future minimum lease payments     203  
Imputed interest     (7 )
Total liability   $ 196  
Schedule of Measurement of Lease Liability

The following table summarizes the cash paid for amounts included in the measurement of lease liabilities for the years ended December 31, 2023 and 2022:

 

    2023     2022  
    Years Ended December 31,  
    2023     2022  
Cash paid for amounts included in measurement of lease liabilities:   $ (256 )   $ (342 )