Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.23.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases  
Schedule of Lease Related Assets and Liabilities

The table below presents the lease related assets and liabilities recorded on the Consolidated Balance Sheets as of December 31, 2022 and 2021:

 Schedule of Lease Related Assets and Liabilities

 

Assets                    
    Classification on the   December 31,     December 31,  
Balance Sheet Line   Balance Sheet   2022     2021  
        (in thousands)  
Assets                    
Operating lease assets   Operating lease right of use assets $ 113     $       20  
Total lease assets   Total lease assets   $ 113     $ 20
                                 
Liabilities                    
Current liabilities:                    
Operating lease liabilities   Current operating lease liabilities   $ 67     $ 20
Noncurrent liabilities:                    
Operating lease liabilities   Long-term operating lease liabilities   $ 46     $ —
Total lease liabilities   Total lease liabilities   $ 113     $ 20

Schedule of Operating Lease Cost

The table below presents the lease related costs recorded on the Consolidated Statement of Operation and Comprehensive Income for the years ended December 31, 2022 and 2021:

 

 Schedule of Operating Lease Cost

Lease cost   Classification   2022     2021  
        Years Ended December 31,  
Lease cost   Classification   2022     2021  
        (in thousands)  
Operating lease cost   General and administrative expenses   $ 20     $ 27  
Total lease cost   Total lease cost   $ 20     $ 27  
Schedule of Cash Flow Information Related to Leases

The table below presents supplemental cash flow information related to leases for the years ended December 31, 2022 and 2021:

 

 Schedule of Cash Flow Information Related to Leases

    2021     2020  
    Years Ended December 31,  
    2021     2020  
    (in thousands)  
Cash paid for amounts included in the measurement of lease liabilities:                
Operating cash flows for operating leases   $ 20     $ 27  
Supplemental non-cash amounts of lease liabilities arising from obtaining right-of-use assets/(decrease) of lease liability due to cancellation of leases   $ —     $ 1  
Schedule of Weighted Average Remaining Lease Terms and weighted Average Discount Rates

The table below presents certain information related to the weighted average remaining lease terms and weighted average discount rates for our operating leases as of December 31, 2022:

 

 Schedule of Weighted Average Remaining Lease Terms and weighted Average Discount Rates

    December 31,     December 31,  
    2022     2021  
Weighted average remaining lease term - operating leases     0.50 years       0.75 years  
Weighted average discount rate - operating leases     12.00 %     12.00 %