Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2023

The components of rent expense and supplemental cash flow information related to leases for the period are as follows (tables in thousands):

	Year Ended December 31, 2023
Lease Cost
Operating lease cost (included in operating expenses in the Company’s consolidated statement of operations)	$	233

Other Information
Cash paid for amounts included in the measurement of lease liabilities	$	233
Weighted average remaining lease term – operating leases (in years)		0.8
Average discount rate – operating leases		6.2	%

The supplemental balance sheet information related to leases for the period is as follows (tables in thousands):

	At December 31, 2023		At December 31, 2022
Operating leases
Long-term right-of-use assets of which $42 and $99 relates to related party, net of accumulated amortization of $950 and $592	$	1,851	$	274

Short-term operating lease liabilities, of which $42 and $59 relates to related party		240		233
Long-term operating lease liabilities, of which $0 and $42 relates to related party		1,613		57
Total operating lease liabilities	$	1,853	$	290

Year ending December 31,	(in thousands)
2024		264
2025		344
2026		355
2027		365
2028		376
2029 and thereafter		513
Total minimum operating lease payments	$	2,217
Less: present value discount		(364	)
Total operating lease liabilities	$	1,853