Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024			Year Ended December 31, 2023
Lease Cost
Operating lease cost (included in operating expenses in the Company’s consolidated statements of operations)	$	393		$	233

Other Information
Cash paid for amounts included in the measurement of lease liabilities	$	265		$	233
Weighted average remaining lease term – operating leases (in years)		5.2			0.8
Average discount rate – operating leases		6.4	%		6.2	%

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

	At December 31, 2024		At December 31, 2023
Operating leases
Long-term right-of-use assets of which $152 and $42 relates to related party, respectively, net of accumulated amortization of $1,270 and $950, respectively	$	1,694	$	1,851

Short-term operating lease liabilities, of which $49 and $42 relates to related party, respectively		301		240
Long-term operating lease liabilities, of which $104 and $0 relates to related party, respectively		1,505		1,613
Total operating lease liabilities	$	1,806	$	1,853

Year ending December 31,	(in thousands)
2025		407
2026		419
2027		415
2028		376
2029		249
2030 and thereafter		264
Total minimum operating lease payments	$	2,130
Less: present value discount		(324	)
Total operating lease liabilities	$	1,806