Quarterly report pursuant to Section 13 or 15(d)

Financing Lease (Tables)

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Financing Lease (Tables)
3 Months Ended
Mar. 31, 2024
Financing Lease  
Schedule of Future Minimum Financing Lease Payments

The following table presents information about the amount and timing of the liability arising from the Company’s financing lease as of March 31, 2024 ($ in thousands):

 

Maturity of Lease Liability  

Operating

Lease

Liability

 
2024 (Remainder of year)   $ 67  
2025     90  
2026     91  
2027     91  
2028     91  
Thereafter     98  
Total undiscounted operating lease payments `     528  
Less: Imputed interest     (121 )
Present value of operating lease liability   $ 407  
Weighted average remaining lease term     5.8 years  
Weighted average discount rate     9.1 %