Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.23.2
Leases (Tables)
3 Months Ended
Mar. 31, 2023
Leases  
Schedule of Lease Related Assets and Liabilities

The table below presents the lease related assets and liabilities recorded on the Company’s Consolidated Balance Sheets as of March 31, 2023 and December 31, 2022:

 

        March 31,     December 31,  
Balance Sheet Line   Classification on the Balance Sheet   2023     2022  
        (in thousands)  
Assets                
Operating lease assets   Operating lease right of use assets   $ 96     $ 113  
Total lease assets   Total lease assets   $ 96     $ 113  
                     
Liabilities                    
Current liabilities:                    
Operating lease liabilities   Current operating lease liabilities   $ 63     $ 67  
Noncurrent liabilities:                    
Operating lease liabilities   Long-term operating lease liabilities   $ 32     $ 46  
Total lease liabilities   Total lease liabilities   $ 96     $ 113  
Schedule of Operating Lease Cost

The table below presents the lease related costs recorded on the Company’s Consolidated Statements of Operations for the three months ended March 31, 2023 and 2022:

 

                 
        Three Months Ended March 31,  
Lease cost   Classification   2023     2022  
        (in thousands)  
Operating lease cost   General and administrative expenses   $ 5     $ 6  
Total lease cost   Total lease cost   $ 5     $ 6  
Schedule of Cash Flow Information Related to Leases

The table below presents supplemental cash flow information related to leases for the three months ended March 31, 2023 and 2022:

 

             
    Three Months Ended
March 31,
 
    2023     2022  
    (in thousands)  
Cash paid for amounts included in the measurement of lease liabilities:                
Operating cash flows for operating leases   $ 5     $ 6  
Supplemental non-cash amounts of lease liabilities arising from obtaining right-of-use assets/(decrease) of lease liability due to cancellation of leases   $     $  

 

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 the Company’s operating leases as of March 31, 2023 and December 31, 2022:

 

   

March 31,

2023

   

December 31,

2022

 
Weighted average remaining lease term - operating leases     .25 years       .50 years  
Weighted average discount rate - operating leases     12.00 %     12.00 %