Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASE OBLIGATIONS (Tables)

v3.24.3
OPERATING LEASE OBLIGATIONS (Tables)
9 Months Ended
Sep. 30, 2024
OPERATING LEASE OBLIGATIONS  
Schedule of rent expense and quantitative information

    

Three-Month Periods Ended

Nine-Month Periods Ended

September 30,

September 30,

($’s in thousands)

2024

    

2023

    

2024

    

2023

Operating lease cost

$

24

$

24

$

72

$

72

Variable lease cost

 

1

1

4

3

Total lease cost

$

25

$

25

$

76

$

75

    

Three-Month Periods Ended

Nine-Month Periods Ended

September 30,

September 30,

($’s in thousands)

    

2024

    

2023

    

2024

    

2023

Cash paid for amounts included in the measurement of lease liabilities

$

26

$

25

$

77

$

67

Weighted-average remaining lease term - operating leases

 

0.3

 

1.4

 

0.3

 

1.4

Weighted-average discount rate - operating leases

 

6.25

%

 

6.25

%

 

6.25

%

 

6.25

%

Schedule of operating lease liability

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

$’s in thousands

    

Remainder of 2024

$

25

2025

 

9

Total lease payments

 

34

Less: present value discount

 

Total operating lease liabilities

$

34