Annual report [Section 13 and 15(d), not S-K Item 405]

Operating Leases (Tables)

v3.25.1
Operating Leases (Tables)
12 Months Ended
Dec. 31, 2024
Operating Leases  
Schedule of Future Minimum Operating 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, 2024 ($ in thousands):

  

Maturity of Lease Liability  

Operating

Lease Liability

 
2025   $ 245  
2026     301  
2027     315  
2028     324  
2029     332  
Thereafter     459  
Total undiscounted operating lease payments   $ 1,976  
Less: Imputed interest     (201 )
Present value of operating lease liability   $ 1,775  
Weighted average remaining lease term     6.4 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,     December 31,  
    2024     2023  
Cash paid for amounts included in the measurement of lease liability ($ in thousands):                
Operating cash flows from operating lease   $ 245     $ 238