Annual report pursuant to Section 13 and 15(d)

Lease Agreements (Tables)

v3.22.4
Lease Agreements (Tables)
12 Months Ended
Dec. 31, 2022
Lease Agreements  
Schedule of cost components of operating leases

The following table summarizes the cost components of the Company’s operating lease for the years ended December 31, 2022 and 2021, respectively (in thousands):

    

Year Ended December 31, 

    

2022

    

2021

Lease costs:

Operating lease cost

$

177

 

$

177

Variable lease cost (1)

12

 

8

Total lease costs

$

189

$

185

(1)Under the terms of the lease agreement, the Company is also responsible for certain variable lease payments that are not included in the measurement of the lease liability. Variable lease payments include non-lease components such as common area maintenance fees.
Summary of supplemental cash flow information related to operating leases

The following information represents supplemental disclosure for the statement of cash flows related to operating leases (in thousands):

    

Year Ended December 31, 

    

2022

2021

Cash paid for amounts included in the measurement of lease liabilities

 

 

Operating cash flows under operating leases

$

202

$

196

Schedule of present value assumptions used in calculating the present value of lease payments

    

December 31, 

December 31, 

    

2022

2021

Weighted-average remaining lease term

0.17 years

1.17 years

Weighted-average discount rate

5.51

%

5.51

%