Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

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Leases (Tables)
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Lease Expense
The components of lease expense are as follows (in thousands):
Three Months Ended
June 30,
Six months Ended
June 30,
2024 2023 2024 2023
Operating leases:
Operating lease cost $ 165  $ 126  $ 384  $ 316 
Variable lease cost 20  (9) 20  49 
Operating lease expense $ 185  $ 117  $ 404  $ 365 

Supplemental cash flow information are as follows (in thousands):
Six months ended,
June 30
2024 2023
Operating cash flows - operating leases $ 378  $ 311 
Right-of-use assets obtained in exchange for operating lease liabilities $ 560  $ — 
Present value assumptions used in calculating the present value of lease payments for the operating leases were as follows:


June 30, 2024 December 31, 2023
Weighted-average remaining lease term - operating leases (in years) 1.9 1.7
Weighted-average discount rate - operating leases 12.0  % 12.0  %
Schedule of Future Minimum Payments
As of June 30, 2024, future minimum payments are as follows (in thousands):
Operating
Leases
Six months ended December 31, 2024 $ 346 
Year ended December 31, 2025 775 
Year ended December 31, 2026 680 
Year ended December 31, 2027 409 
Total 2,210 
Less present value discount (297)
Operating lease liabilities $ 1,913