Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

9 Months Ended

Sep. 30, 2022

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 September 30, 2022 and December 31, 2021:

		September 30,		December 31,
Balance Sheet Line	Classification on the Balance Sheet	2022		2021
		(in thousands)
Assets
Operating lease assets	Operating lease right of use assets	$	—	$	20
Total lease assets	Total lease assets	$	—	$	20

Liabilities
Current liabilities:
Operating lease liabilities	Current operating lease liabilities	$	—	$	20
Noncurrent liabilities:
Operating lease liabilities	Long-term operating lease liabilities	$	—	$	-
Total lease liabilities	Total lease liabilities	$	—	$	20

Schedule of Operating Lease Cost

The table below presents the lease related costs recorded on the Company’s Consolidated Statements of Operations for the nine months ended September 30, 2022 and 2021:

Schedule of Operating Lease Cost


		Nine Months Ended September 30,
Lease cost	Classification	2022		2021
		(in thousands)
Operating lease cost	General and administrative expenses	$	20	$	20
Total lease cost	Total lease cost	$	20	$	20

Schedule of Cash Flow Information Related to Leases

The table below presents supplemental cash flow information related to leases for the nine months ended September 30, 2022 and 2021:

	2022		2021
	Nine Months Ended September 30,
	2022		2021
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	20	$	20
Supplemental non-cash amounts of lease liabilities arising from obtaining right-of-use assets/(decrease) of lease liability due to cancellation of leases	$	—	$	—

Lease Terms and Discount Rates

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 September 30, 2022 and December 31, 2021:

September 30,

2022

December 31,

2021

Weighted average remaining lease term - operating leases

.50 years

.75 years

Weighted average discount rate - operating leases

12.00