Quarterly report pursuant to Section 13 or 15(d)

Operating Leases (Tables)

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Operating Leases (Tables)
3 Months Ended
Mar. 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 March 31, 2024 ($ in thousands):

 

Maturity of Lease Liability  

Operating

Lease

Liabilities

 
2024 (Remainder of year)   $ 183  
2025     245  
2026     301  
2027     315  
2028     324  
Thereafter     790  
Total undiscounted operating lease payments     2,158  
Less: Imputed interest     (243 )
Present value of operating lease liabilities   $ 1,915  
Weighted average remaining lease term     7.2 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:

 

    March 31,  
    2024  
Cash paid for amounts included in the measurement of lease liability ($ in thousands):        
Operating cash flows from operating lease   $ 61