Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.23.1
Leases (Tables)
 3 Months Ended
Mar. 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 March 31, 2023 ($ in thousands):

  

    Operating  
    Lease  
Maturity of Lease Liability   Liability  
2023   $ 184  
2024     245  
2025     245  
2026     301  
2027     315  
Thereafter     1,115  
Total undiscounted operating lease payments   $ 2,405  
Less: Imputed interest     (309 )
Present value of operating lease liability   $ 2,096  
Weighted average remaining lease term     8.9 years  
Weighted average discount rate     3.5 %
Schedule of Supplemental Cash Flows Information Related to Leases

Supplemental cash flows information related to leases was as follows ($ in thousands):

  

    March 31,  
    2023  
Cash paid for amounts included in the measurement of lease liability:        
Operating cash flows from operating lease   $ 54