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

OPERATING LEASE OBLIGATIONS (Tables)

9 Months Ended

Sep. 30, 2023

The Company recorded lease expense as follows:

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


	Three-Month Periods Ended						Nine-Month Periods Ended
	September 30,						September 30,
($’s in thousands)	2023			2022			2023			2022
Cash paid for amounts included in the measurement of lease liabilities	$	25		$	25		$	67		$	79
Weighted-average remaining lease term - operating leases		1.4			0.3			1.4			0.3
Weighted-average discount rate - operating leases		6.25	%		4.0	%		6.25	%		4.0	%

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


$’s in thousands
Remainder of 2023	$	33
2024		102
2025		9
Total lease payments		144
Less: present value discount		(13)
Total operating lease liabilities	$	131