Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASE OBLIGATIONS (Tables)

v3.24.2.u1
OPERATING LEASE OBLIGATIONS (Tables)
6 Months Ended
Jun. 30, 2024
OPERATING LEASE OBLIGATIONS  
Schedule of rent expense and quantitative information

    

Three-Month Periods Ended

Six-Month Periods Ended

June 30,

June 30,

($’s in thousands)

2024

    

2023

    

2024

    

2023

Operating lease cost

$

24

$

24

$

48

$

48

Variable lease cost

 

2

1

3

2

Total lease cost

$

26

$

25

$

51

$

50

    

Three-Month Periods Ended

Six-Month Periods Ended

June 30,

June 30,

($’s in thousands)

    

2024

    

2023

    

2024

    

2023

Cash paid for amounts included in the measurement of lease liabilities

$

26

$

25

$

51

$

42

Weighted-average remaining lease term - operating leases

 

0.6

 

1.6

 

0.6

 

1.6

Weighted-average discount rate - operating leases

 

6.25

%

 

6.25

%

 

6.25

%

 

6.25

%

Schedule of operating lease liability

As of June 30, 2024, future minimum lease payments under lease agreements associated with the Company’s operations were as follows:

$’s in thousands

    

Remainder of 2024

$

51

2025

 

9

Total lease payments

 

60

Less: present value discount

 

(1)

Total operating lease liabilities

$

59