Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.24.2
LEASES (Tables)
3 Months Ended
Mar. 31, 2024
Leases  
SCHEDULE OF LESSEE OPERATING LEASE LIABILITY MATURITY

The following table provides details of our future minimum lease payments under operating lease liabilities recorded in our condensed consolidated balance sheet as of March 31, 2024. The table below does not include commitments that are contingent on events or other factors that are currently uncertain or unknown.

 

 SCHEDULE OF LESSEE OPERATING LEASE LIABILITY MATURITY

(in thousands)   Operating Leases  
Remainder of 2024   $ 685  
2025     942  
2026     81  
2027      
2028 and thereafter      
Total minimum lease payments   $ 1,708  
Less: imputed interest     40  
Present value of minimum lease payments   $ 1,668  
Less: current portion     886  
Long-term portion   $ 782  

SCHEDULE OF LEASE COST

The following expenses related to our operating leases were included in “general and administrative” expenses within our condensed consolidated statements of operations and comprehensive loss:

 

SCHEDULE OF LEASE COST

(in thousands)   2024     2023  
    For the three months ended
March 31,
 
(in thousands)   2024     2023  
Operating lease cost     265       567  
Variable lease cost           198  
Total lease cost   $ 265     $ 765  

 

The table below presents lease-related terms and discount rates as of March 31, 2024:

 

    Operating Leases  
Weighted average remaining lease terms     1.8 years  
Weighted average discount rate     2.1 %