Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Lease Liability (Tables)

v3.23.3
Note 9 - Lease Liability (Tables)
9 Months Ended
Sep. 30, 2023
Lessee Disclosure [Abstract]  
Summary of Minimum Payments, Undiscounted, Under Operating Leases

Minimum payments, undiscounted, under our operating leases are as follows:

 

Years ending December 31,

 

 

 

2023

 

$

116

 

2024

 

 

459

 

2025

 

 

462

 

2026

 

 

197

 

Total

 

$

1,234

 

Summary of Weighted Average Remaining Term of Leases and Weighted Average Discount Rate

The following table presents the weighted average remaining term of the leases and the weighted average discount rate:

 

 

 

September 30,
2023

 

 

December 31,
2022

 

Weighted-average remaining term – operating leases (years)

 

 

2.6

 

 

 

3.3

 

Weighted-average discount rate – operating leases

 

 

7.38

%

 

 

6.62

%

 

 

 

 

 

 

 

Lease liability, current portion

 

$

390

 

 

$

301

 

Lease liability, long-term portion

 

 

720

 

 

 

1,002

 

Total

 

$

1,110

 

 

$

1,303

 

Summary of Operating Lease Costs and Operating Cash Flows from Operating Leases

Operating lease costs and operating cash flows from our operating leases are as follows:

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Operating lease cost

 

$

114

 

 

$

115

 

 

$

359

 

 

$

353

 

Operating cash flows from operating leases

 

$

117

 

 

$

134

 

 

$

290

 

 

$

411