Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases  
Schedule of Future Minimum Lease Payments

The following table presents information about the amount and timing of the liability arising from the Company’s operating lease as of December 31, 2023 ($ in thousands):

 

Maturity of Lease Liability  

Operating

Lease

Liability

 
2024   $ 245  
2025     245  
2026     301  
2027     315  
2028     324  
Thereafter     790  
Total undiscounted operating lease payments   $ 2,220  
Less: Imputed interest     (260 )
Present value of operating lease liability   $ 1,960  
Weighted average remaining lease term     7.4 years  
Weighted average discount rate     3.0 %
Schedule of Supplemental Cash Flows Information Related to Leases

Supplemental cash flows information related to leases was as follows:

 

    December 31,  
    2023  
Cash paid for amounts included in the measurement of lease liability ($ in thousands):        
Operating cash flows from operating lease   $ 238