LEASES

9 Months Ended

Sep. 30, 2023

Leases

LEASES

NOTE 3 – LEASES

The Company has lease agreements with lease and non-lease components, which it accounts for as a single lease component. The Company has elected not to recognize ROU assets and lease liabilities for short-term leases that have a term of 12 months or less. The effect of short-term leases on the Company’s ROU assets and lease liabilities was not material for the periods presented. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. In addition, the Company does not have any related party leases.

Supplemental cash flow information related to operating leases was as follows:

	For the Nine Months Ended September 30,
	2023		2022
Cash payments and expenses	$	216	$	247

Undiscounted maturities of operating lease payments as of September 30, 2023 are summarized as follows:

2023 (Remainder of the year)	$	60
2024		182
2025		15
Total future lease payments		257
Less imputed interest		(12	)
Total lease liability balance	$	245

	September 30,			December 31,
	2023			2022
Operating leases weighted average remaining lease term (in years)		1-2			2
Operating leases weighted average discount rate		9	%		9	%