Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.23.3
Leases (Tables)
9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Schedule of Components of Lease Expense The components of lease expense are as follows:
    Three months ended     Nine months ended  
(in thousands)   September 30,
2023
    September 30,
2022
    September 30,
2023
    September 30,
2022
 
Operating lease expense   $      173     $     206     $   518     $ 440  
                                 
Finance lease cost                                
Amortization of right-to-use assets   $ 1     $ 14     $ 3     $ 54  
Interest on lease liabilities   $ -     $ -     $

-

    $ 2  
Total finance lease cost   $ 1     $ 14     $ 3     $ 56  

  

Schedule of Supplemental Cash Flow Information Related to Leases Supplemental cash flow information related to leases are as follows:
    Nine months ended  
(in thousands)   September 30,
2023
    September 30,
2022
 
Cash paid for amounts included in the measurement of lease liabilities:            
Operating cash flow use from operating leases   $    453     $ 302  
Operating cash flow use from finance leases   $ 3     $ 2  
Financing cash flow use from finance leases   $ 3     $ 48  
                 
Non-cash activity:                
Right-of-use assets obtained in exchange for lease obligations:                
Operating leases   $
-
    $ 2,605  
Finance Leases   $
-
    $
-
 
Schedule of Weighted Average Remaining Lease Terms Weighted average remaining lease terms are as follows at September 30, 2023:
Weighted average remaining lease term:    
Operating leases     3.8 years
Finance Leases     0.3 year
Schedule of Weighted Average Discount Rates weighted average discount rates used at the time that the leases were evaluated:
Weighted average discount rates:        
Operating leases     4.8 %
Finance Leases     8.0 %
Schedule of Maturities of Lease Liabilities Maturities of lease liabilities are as follows:
(in thousands)
Year ending December 31,
  Operating
Leases
    Finance
Leases
 
2023 (excluding nine months ended September 30, 2023)   $ 153     $          1  
2024     618      
-
 
2025     630      
-
 
2026     643      
-
 
2027     380      
-
 
Total lease payments   $ 2,424     $ 1  
Less imputed interest     (214 )    
-
 
Present value of lease liabilities   $ 2,210     $ 1