Quarterly report [Sections 13 or 15(d)]

Note 9 - Lease Liability (Tables)

v3.25.1
Note 9 - Lease Liability (Tables)
3 Months Ended
Mar. 31, 2025
Lessee Disclosure [Abstract]  
Schedule of Future Minimum Payments of Lease Liabilities

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

 

Years ending December 31,

 

Amount

 

2025

 

$

350

 

2026

 

 

197

 

Total minimum lease payments

 

 

547

 

Less: imputed interest

 

 

(26

)

Present value of lease liabilities

 

 

521

 

Less: current portion of lease liability

 

 

(441

)

Lease liability, non-current

 

$

80

 

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:

 

 

 

March 31,
2025

 

 

December 31,
2024

 

Weighted-average remaining term – operating leases (years)

 

 

1.2

 

 

 

1.4

 

Weighted-average discount rate – operating leases

 

 

7.90

%

 

 

7.90

%

 

 

 

 

 

 

 

Lease liability, current portion

 

$

441

 

 

$

428

 

Lease liability, long-term portion

 

 

80

 

 

 

193

 

Total

 

$

521

 

 

$

621

 

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 March 31,

 

 

 

2025

 

 

2024

 

Operating lease cost

 

$

107

 

 

$

112

 

Operating cash flows from operating leases

 

$

113

 

 

$

115