LEASES (Tables)

12 Months Ended

Dec. 31, 2023

LEASES [Abstract]

Rent Expense for All Operating Leases Except Those with Terms of 12 Months or Less

Rent expense for all operating leases except those with terms of 12 months or less comprises:

	For the Twelve Months Ended December 31,
(in thousands)
	2023		2022
Minimum rentals	$	34	$	32
Contingent rentals		—		—
	$	34	$	32

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows:

(in thousands)

	Twelve Months Ended		Twelve Months Ended
	December 31,		December 31,
		2023			2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	34		$	32
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	506		$	467

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:

(in thousands, except lease term and discount rate)
	December 31, 2023			December 31, 2022
Operating Leases:
Operating lease right-of-use assets	$	506		$	467
Other current liabilities	$	9		$	2
Operating lease liabilities		503			466
Total operating lease liabilities	$	512		$	468
Weighted Average Remaining Lease Term
Operating leases	58 years			61 years
Weighted Average Discount Rate
Operating leases		5.0	%		5.0	%

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities that have initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2023 are as follows:

	(in thousands)
	Operating Leases
Year
2024	$	35
2025		35
2026		35
2027		35
2028		29
Thereafter		1,429
Total undiscounted lease payments	$	1,598
Less effects of discounting		(1,086	)
Total lease liabilities recognized		512