Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.23.1
Leases (Tables)
3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Schedule of components of lease expense
    Three months ended  
(in thousands)   March 31,
2023
    March 31,
2022
 
Operating lease expense   $ 162     $ 93  
Finance lease cost                
Amortization of right-to-use assets   $ 1     $ 20  
Interest on lease liabilities   $ 1     $ 1  
Total finance lease cost   $ 2     $ 21  

 

Schedule of supplemental cash flow information related to leases
Cash flow information:   Three months ended  
(in thousands)   March 31,
2023
    March 31,
2022
 
             
Cash paid for amounts included in the measurement of lease liabilities:            
Operating cash flow use from operating leases   $ 150     $ 94  
Operating cash flow use from finance leases   $ 1     $ 1  
Financing cash flow use from finance leases   $ 1     $ 22  
                 
Non-cash activity:                
                 
Right-of-use assets obtained in exchange for lease obligations:                
Operating leases   $
-
    $
-
 
Finance Leases   $
-
    $
-
 

 

Schedule of weighted average remaining lease terms
Weighted average remaining lease term:        
Operating leases     4.3 years  
Finance Leases     0.8 year  

 

Schedule of weighted average discount rates
Weighted average discount rates:      
Operating leases     4.8 %
Finance Leases     8 %

 

Schedule of maturities of lease liabilities
(in thousands)
Year ending December 31,
  Operating
Leases
    Finance
Leases
 
2023 (excluding three months ended March 31, 2023)   $ 456     $ 3  
2024     618      
-
 
2025     631      
-
 
2026     643      
-
 
2027     380      
-
 
Total lease payments   $ 2,728     $ 3  
Less imputed interest     (271 )    
-
 
Present value of lease liabilities   $ 2,457     $ 3