Journey Medical Corporation Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASE OBLIGATIONS (Tables)

6 Months Ended

Jun. 30, 2023

The Company recorded rent expense as follows:


	Three-Month Periods Ended June 30,				Six-Month Periods Ended June 30,
($’s in thousands)	2023		2022		2023		2022
Operating lease cost	$	24	$	27	$	48	$	53
Variable lease cost		1		1		2		2
Total lease cost	$	25	$	28	$	50	$	55

The following table summarizes quantitative information about the Company’s operating leases:



	Three-Month Periods Ended June 30,						Six-Month Periods Ended June 30,
($’s in thousands)	2023			2022			2023			2022
Cash paid for amounts included in the measurement of lease liabilities	$	25		$	25		$	42		$	50
Weighted-average remaining lease term - operating leases		1.6			0.5			1.6			0.5
Weighted-average discount rate - operating leases		6.25	%		4.0	%		6.25	%		4.0	%

As of June 30, 2023, future minimum lease payments under lease agreements associated with the Company’s operations were as follows:


$’s in thousands
Remainder of 2023	$	50
2024		102
2025		9
Total lease payments		161
Less: present value discount		(7)
Total operating lease liabilities	$	154