Journey Medical Corporation Annual report pursuant to Section 13 and 15(d)

OPERATING LEASE OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2023

The Company recorded rent expense as follows (dollars in thousands):

The following table summarizes quantitative information about the Company’s operating leases (dollars in thousands):


	For the Years Ended December 31,
	2023			2022
Cash paid for amounts included in the measurement of lease liabilities	$	92		$	100
Right-of-use assets exchanged for new operating lease liabilities	$	—		$	188
Weighted-average remaining lease term - operating leases		1.1			2.1
Weighted-average discount rate - operating leases		6.25	%		6.25	%



For the year ended December 31,	($’s in thousands)
2024	$	102
2025		9
Total lease payments		111
Less: present value discount		(3)
Total operating lease liabilities	$	108