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

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Three-Month Periods Ended

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Six-Month Periods Ended

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June 30,

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June 30,

($’s in thousands)

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2024

    

2023

    

2024

    

2023

Operating lease cost

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$

24

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$

24

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$

48

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$

48

Variable lease cost

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2

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1

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3

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2

Total lease cost

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$

26

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$

25

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$

51

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$

50

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Three-Month Periods Ended

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Six-Month Periods Ended

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June 30,

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June 30,

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($’s in thousands)

    

2024

    

2023

    

2024

    

2023

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Cash paid for amounts included in the measurement of lease liabilities

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$

26

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$

25

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$

51

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$

42

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Weighted-average remaining lease term - operating leases

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0.6

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1.6

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0.6

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1.6

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Weighted-average discount rate - operating leases

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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:

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$’s in thousands

    

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Remainder of 2024

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$

51

2025

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9

Total lease payments

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60

Less: present value discount

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(1)

Total operating lease liabilities

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$

59

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