Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.23.1
Leases (Tables)
12 Months Ended
Dec. 31, 2022
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, 2022 ($ in thousands):

  

Maturity of Lease Liability   Operating
Lease
Liability
 
2023   $ 207  
2024     207  
2025     207  
2026     263  
2027     274  
Thereafter     890  
Total undiscounted operating lease payments   $ 2,048  
Less: Imputed interest     (248 )
Present value of operating lease liability   $ 1,800  
Weighted average remaining lease term     8.1 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 ($ in thousands):

  

    December 31,  
    2022  
Cash paid for amounts included in the measurement of lease liability:        
Operating cash flows from operating lease   $ 207