Annual report pursuant to Section 13 and 15(d)

Lease Commitments (Tables)

v3.23.1
Lease Commitments (Tables)
12 Months Ended
Dec. 31, 2022
Lease Commitments  
Schedule of Components of Rent Expense and Supplemental Cash Flow Information

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,
2022
 
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   $ 232  
Weighted average remaining lease term – operating leases (in years)     1.5  
Average discount rate – operating leases     7.1 %
Schedule of Supplemental Balance Sheet Information

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

 

    At December 31,
2022
    At December 31,
2021
 
Operating leases                
Long-term right-of-use assets of which $99 and $153 relates to related party, net of accumulated amortization of $592 and $388   $ 274     $ 478  
                 
Short-term operating lease liabilities, of which $59 and $53 relates to related party     233       209  
Long-term operating lease liabilities, of which $42 and $101 relates to related party     57       291  
Total operating lease liabilities   $ 290     $ 500  
Schedule of Maturities of Lease Liabilities

Year ending December 31,   (in thousands)  
2023     246  
2024     58  
2025 and thereafter     -  
Total minimum operating lease payments   $ 304  
Less: present value discount     (14 )
Total operating lease liabilities     290